RE: Oak Securities Broker Note...20 Nov 2024 15:19
Hussar
SPA 0036 Hussar: Officer Basin
Georgina Energy Plc holds a 100% working interest in SPA 0036 now EP-513. The area consists of 46 graticular blocks, (3,574 km2). Drilled in 1982 to a TD 2040m
The Company was granted the permit EP -513 in October 2023 to develop the licence and focus on the Hydrogen, Helium & 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
3,574 km² airborne AEM -PTP survey (March 2022) showed significant gas anomalies
Native Title Land Access Agreements have been executed
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).
Net attributable 2U Prospective (recoverable) Resources of 1.73 TCFG of Natural Gas with potential in-situ value of US$5.24 billion.