RE: Seller out4 Oct 2024 14:32
Hussar (Officer Basin)
Georgina holds a 100% interest in the Hussar project license EP-513.
The company were granted the license in October 2023 to focus on the helium, hydrogen and natural gas potential.
The Hussar Project is considered by independent consultants to be one of the most potentially significant resource basins in the Asia Pacific region due to its significant Helium, Hydrogen, Oil & Natural Gas potential.
Independent consultants confirmed that Hussar has the required elements to yield net attributable 2U Prospective Resources of 155 BCFG Helium & 173 BCFG Hydrogen with a potential combined in-situ value of US$55 billion (He US$350/MCFG, H US$2.65/kg).
Not only does Hussar host large helium and hydrogen resources there is significant natural gas potential, Net attributable 2U Prospective (recoverable) Resources of 1.73 TCFG of Natural Gas with a potential in-situ value of US$5.24 billion.
The plan at Hussar is to drill a deeper well (via re-entry) in December 2024. Hussar is seismically defined and the company recently flew a 3500km2 AEMPTP arial survey which identified a significant gas anomaly on top of the target structure which is much larger than that seen on a 2D seismic survey conducted 40 years ago. This is particularly exciting!