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I m quite optimistic on drill outcome because of two evidences: the airborne AEM-PTP surveys detected massive, highly active REDOX signals directly over the Hussar closure, it proves that charge and gas migration are actively interacting with the system. Secondly, the seismic data confirms the "container" is structurally closed, and the REDOX signal suggests the container is "live".

Thank you some of you for the sharing as well.

Helium ($He$) and Natural Hydrogen ($H_2$) are the two smallest and lightest elements in the known universe. They have near-zero viscosity. Because they are so incredibly tiny, they can easily slip through nano-scale pore throats and micro-fractures that would completely trap standard hydrocarbons. What a petroleum engineer considers "dangerously tight rock" for an oil well is often highly productive rock for a helium/hydrogen well simply due to the extreme, frictionless mobility of the gas.The Financial Expert Verdict: Transferring the RiskThe advanced technologies listed above—MPD, FMI logging, RSS horizontal drilling, and energized foam fracturing—are incredibly expensive. A standard £10m micro-cap explorer simply cannot afford them, which is why tight rock usually equals bankruptcy.This is the absolute genius of Georgina Energy securing the US$25 Million non-dilutive offtake facility.By securing this specific funding, GEX essentially purchased an engineering insurance policy. The $25 million pays for SLB's premium technology, meaning Georgina does not have to cut corners. It guarantees to the market that if commercial volumes of helium and hydrogen are physically trapped under that salt seal, SLB has the budget, the diagnostic MRI tools, and the brute-force fracking technology to shatter the rock and force it to the surface.It transitions Georgina Energy from a "hopeful wildcatter" relying on geological luck into an industrial extraction operation relying on proven, world-class engineering.

It allows SLB's geologists sitting in a control room thousands of miles away to physically see every single microscopic crack and tectonic fault line hidden in the rock. Instead of guessing, SLB targets these specific natural fractures, placing their extraction valves exactly across the active flow channels.

​PHASE 3: Altering the Geometry (Horizontal Intersection)

​If a standard vertical well only passes through 50 meters of the gas-bearing rock, it might completely miss the vertical natural fractures, resulting in a non-commercial trickle.

​The SLB Solution: Rotary Steerable Systems (RSS).

SLB pioneered modern directional drilling. If the vertical flow is too low, SLB can remotely steer the drill bit while it is deep underground, turning it 90 degrees to drill horizontally through the quartzite layer.

By drilling horizontally for 1,000 to 2,000 meters, the wellbore acts like a massive underground pipeline perfectly slicing across dozens of vertical natural fracture networks. This increases the surface area exposed to the wellbore by 20x to 40x, mathematically multiplying the flow rate and turning a marginal well into a massive commercial producer.

​PHASE 4: Brute Force (Advanced Well Stimulation)

​If the FMI logs show that the rock is completely solid with zero natural fractures, SLB resorts to brute force. Because quartzite is highly resistant to standard acid-washes (unlike limestone), they must physically shatter the earth using Hydraulic Fracturing (Fracking).

​However, standard water-based fracking can destroy a helium well. The heavy water gets permanently trapped in the microscopic pores (Capillary Water Block), creating a wall that the ultra-light helium cannot push past.

​The SLB Solution: Energized Fluids & Ceramic Proppants.

Instead of heavy water, SLB will likely utilize Nitrogen Foam Fracs. They mix specialized sand with massive volumes of liquid nitrogen. This high-pressure foam shatters the deep quartzite, but because it is an energized gas, it immediately expands and flows back out of the well, leaving zero water-block behind.

Furthermore, because the immense weight of the earth at that depth will try to violently crush the newly created cracks shut, SLB pumps down ultra-high-strength Ceramic Proppants (man-made, perfectly spherical ceramic beads). Standard fracking sand would be crushed into dust under that pressure, but these ceramic beads wedge into the artificial fractures, permanently propping them open and creating infinite-conductivity tunnels for the gas to race to the surface.

​The "Molecule Advantage" (Physics is on GEX's side)

​When evaluating the flow rate problem, it is crucial to remember exactly what Georgina is trying to produce.

​If SLB were trying to flow heavy crude oil out of this tight Precambrian quartzite, it would be incredibly difficult. Oil molecules are massive, heavy, and sticky; they require huge pore spaces to move.

​Helium (He) and Natural Hydrogen (H_2) are the two smallest an

It allows SLB's geologists sitting in a control room thousands of miles away to physically see every single microscopic crack and tectonic fault line hidden in the rock. Instead of guessing, SLB targets these specific natural fractures, placing their extraction valves exactly across the active flow channels.

​PHASE 3: Altering the Geometry (Horizontal Intersection)

​If a standard vertical well only passes through 50 meters of the gas-bearing rock, it might completely miss the vertical natural fractures, resulting in a non-commercial trickle.

​The SLB Solution: Rotary Steerable Systems (RSS).

SLB pioneered modern directional drilling. If the vertical flow is too low, SLB can remotely steer the drill bit while it is deep underground, turning it 90 degrees to drill horizontally through the quartzite layer.

By drilling horizontally for 1,000 to 2,000 meters, the wellbore acts like a massive underground pipeline perfectly slicing across dozens of vertical natural fracture networks. This increases the surface area exposed to the wellbore by 20x to 40x, mathematically multiplying the flow rate and turning a marginal well into a massive commercial producer.

​PHASE 4: Brute Force (Advanced Well Stimulation)

​If the FMI logs show that the rock is completely solid with zero natural fractures, SLB resorts to brute force. Because quartzite is highly resistant to standard acid-washes (unlike limestone), they must physically shatter the earth using Hydraulic Fracturing (Fracking).

​However, standard water-based fracking can destroy a helium well. The heavy water gets permanently trapped in the microscopic pores (Capillary Water Block), creating a wall that the ultra-light helium cannot push past.

​The SLB Solution: Energized Fluids & Ceramic Proppants.

Instead of heavy water, SLB will likely utilize Nitrogen Foam Fracs. They mix specialized sand with massive volumes of liquid nitrogen. This high-pressure foam shatters the deep quartzite, but because it is an energized gas, it immediately expands and flows back out of the well, leaving zero water-block behind.

Furthermore, because the immense weight of the earth at that depth will try to violently crush the newly created cracks shut, SLB pumps down ultra-high-strength Ceramic Proppants (man-made, perfectly spherical ceramic beads). Standard fracking sand would be crushed into dust under that pressure, but these ceramic beads wedge into the artificial fractures, permanently propping them open and creating infinite-conductivity tunnels for the gas to race to the surface.

​The "Molecule Advantage" (Physics is on GEX's side)

​When evaluating the flow rate problem, it is crucial to remember exactly what Georgina is trying to produce.

​If SLB were trying to flow heavy crude oil out of this tight Precambrian quartzite, it would be incredibly difficult. Oil molecules are massive, heavy, and sticky; they require huge pore spaces to move.

​Helium (He) and Natural Hydrogen (H_2) are the two smallest an

This is exactly the technical question institutional investors ask when performing due diligence on a "tight-gas" play.

​Having a trillion cubic feet of gas sitting underground is mathematically worthless if you cannot get it to flow to the surface at commercial rates. The Precambrian quartzites (the Townsend and Heavitree formations) targeted by Georgina Energy are ancient, hard, and notoriously "tight" (meaning they have very low natural matrix permeability).

​If a junior explorer hires a budget, tier-3 drilling crew and hits tight rock, they usually fail to flow the gas, declare a "technical dry hole," go bankrupt, and the stock goes to zero.

​This is precisely why the US$25 Million Harlequin funding facility explicitly mandated the contracting of SLB (formerly Schlumberger). SLB is a $70+ Billion technology titan and the undisputed global heavyweight champion of reservoir engineering, well completions, and tight-rock extraction. They do not just drill holes; their specific mandate is to force stubborn rock to flow.

​If the drill bit hits the gas but the rock refuses to yield it, here is the exact, multi-million-dollar technological playbook SLB will deploy to overcome the flow rate problem.

​PHASE 1: Prevention (Avoiding "Skin Damage")

​Often, a well refuses to flow not because the rock is inherently tight, but because the drilling company accidentally ruined it. To hold a deep hole open, drillers pump heavy, dense mud down the pipe. If that heavy mud is blasted into the microscopic pores of the gas reservoir, it acts like liquid cement, permanently plugging the rock. In E&P terms, this is called "Formation Damage" or "Skin Damage."

​The SLB Solution: Managed Pressure Drilling (MPD) / Underbalanced Drilling.

SLB utilizes a computerized, closed-loop MPD system. As the drill bit enters the target gas zone, SLB perfectly balances the hydrostatic weight of the mud against the exact upward pressure of the gas trap. By keeping the pressure in perfect equilibrium (or even slightly "underbalanced"), they physically prevent the heavy mud from invading and clogging the rock. The natural permeability of the quartzite remains pristine, allowing the gas to flow freely into the wellbore the moment it is penetrated.

​PHASE 2: High-Resolution Diagnostics (Finding the "Superhighways")

​Because quartzite is essentially compressed quartz (glass), you cannot rely on the rock's microscopic pores to flow commercial volumes of gas. You must rely on Natural Fractures—areas where ancient tectonic earthquakes shattered the rock, creating highly permeable underground superhighways. Drilling blindly and hoping to hit one is a massive gamble.

​The SLB Solution: FMI Logging (Fullbore Formation MicroImager).

Once the well is drilled, SLB lowers a multi-million-dollar wireline tool called an FMI. This tool shoots micro-electrical currents into the rock wall, creating a flawless, high-definition, 360-degree 3D map of the inside of the wellbore.

It allows

Currently trading around 6.5p – 7.5p (roughly a £10m Market Cap), Georgina Energy (GEX) presents a textbook "asymmetric risk-reward" Exploration & Production (E&P) profile. The market is aggressively pricing in a massive exploration timeline discount. However, if you look at the underlying mechanics, the funding, and the geological data, this is one of the most compelling pre-drill E&P setups globally.

1️⃣ BUSTING THE FUD: Is Harlequin Energy a Fake Shell?

A common bearish argument is that Harlequin Energy (providing the US$25M funding) has no revenue and looks like a dormant shell company. This is standard institutional project finance.

• The Reality: Harlequin is simply a Special Purpose Vehicle (SPV) used to legally ring-fence the project. The actual capital comes from a private, Colorado-based Family Office with $9 Billion in Assets Under Management (AUM) and a 3-generation history in oil and gas. They use an SPV to keep their family name out of the public domain.

• The Validator: GEX is LSE-listed, meaning the board and brokers were legally required to verify the proof-of-funds under strict Market Abuse Regulations (MAR). Furthermore, Schlumberger (SLB)—the $70B oilfield services titan—is contracted to engineer the drill. SLB’s compliance teams do not mobilize rigs for unfunded micro-caps.

• The Result: The money is real. Because the drill is fully funded, GEX does not have to dilute retail shareholders to zero to pay for the rig.

2️⃣ THE GEOLOGY: Why the Upside is Massive

GEX is not drilling blind wildcats; they are targeting the Centralian Superbasin, which holds a world-class "Basin Analogue." 

• The Amadeus Analogue: Hussar and Mt Winter share the exact geological DNA as the neighboring Amadeus Basin. Historic sub-salt wells there (like Mt Kitty and Magee-1) flowed Helium at staggering 6.0% to 9.0% concentrations and Natural Hydrogen up to 11.5%. For context, commercial plants in the US and Qatar are highly profitable at just 0.3% to 0.5% Helium.

• The REDOX Catalyst: GEX’s recent Airborne PEM ATP survey detected a massive electrochemical anomaly directly over the Hussar trap. This is a Direct Gas Indicator. It proves a massive fluid/gas system is actively seeping from the exact trap they are drilling, drastically reducing the risk of a completely empty, barren hole.

• "Two Shots on Goal": By securing 100% of the Mt Winter prospect, GEX added a massive portfolio defense. Mt Winter is a cheap "Re-entry" (using an existing 1982 wellbore to just drill the final ~250m through the salt seal). Having two independent, basin-scale targets mathematically slashes the probability of a total portfolio failure.

Thanks for the info. Great news indeed.

"50-day drilling program." So we will know whether we will hit jackpot in about 3-6 months time

His mind has been 'captured' by his grievance. He no longer looks for facts; he only looks for weapons.

The current stock volume is very thin which means no institutional play yet. Perhaps it is the duo CEO/CFO bad reputation that is behind it. The early seed investors have their shares deeply diluted! Perhaps gotta wait for the real flow to proof its worthiness and attract big volume.

Based on the interview with CEO Tony Hamilton (https://youtu.be/fgaPeYxPsUc?si=pBikJWpwP_CG4n6I), yes, the planned drilling activities are funded.

At the 9:37 mark, the interviewer asks directly about the company's funding status for both current and future on-the-ground activities.

The CEO's response is unequivocal. At 9:45, he states:

"We're fine. Everything's being funded from our current cash reserves. So, no, we're fine."

This confirms that the company has the necessary capital on hand to complete all the work required to get the wells re-entered, including the extensive regulatory and permitting work he detailed earlier in the interview.

Our shares were diluted 7.5x and hope that the well indeed have substantial helium

I m a long term investor of this coy pre ipo. Our shares

Sorry, 3+ million convertible loans to warrants @8.75p not 31.5 million

A whopping 31.5 millions shares shall be awarded to the two which owns westmarket when both Hussar and Mt Winter starts to drill.

8.75p is the price Georgina CEO and CFO will be getting their 31.5 million shares when both Hussar and Mt Winter begin drilling.

Thks tomhuk2000 for your clarifications. I just realised pg 188 only consider significant stake shareholders.

@ tomhuk2000

If u look at page 188, last second column, fully diluted shares, the performance shares, warrants and convertible loans, are included in the total 90+ million shares outstanding. It includes the 6+ millions with no fixed price which was exercised recently. If u check the market cap and derive the outstanding shares, it is also 90+ million shares, I wonder how u get 20% dilution.

@Ace24, the characteristic seems algorithmic, i m just guessing some kind of market manipulation behind the scene. Perhaps the price was suppressed to accumulate.. I don't know, pure speculation

Hmmm， interestingly someone is selling a total of 568163 shares @ 10.325 since 16:08:55 onwards.