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I can see this is about rerat

179kbuy v3.5ksells

I can see this is about rerat

179kbuy v2ksells

I doubled down from 12p to 8p, and I’m pretty sure I’ll double down again when I see the potential upside. But we need clear dates and facts showing that the company will deliver on what it promises. Sorry if I sound negative, but I’ve got a significant amount of money invested in this, so it’s important to me.

sir L Has got some big money tide up. In this.

@f/d

so let's be professional, why are you doing everything, to slate a share you own, and not just sell up?

You must see how it looks?

I agree the BOD have been poor and I'm still not convinced by everything Hamilton says, but they are main market, they can't just use Santos and Central Petroleum, billion dollars companies if there isn't some truth

Is your average too high here to sell?

in at 8p

Because it’s an FTSE 100 company, I didn’t expect them to just release any information like AIM companies sometimes do. But GE X is repositioning the Gold Post when it suits them. The market wants facts. When companies don’t deliver what they promised, we see a slump in the share price. I’m not convinced the market fully believes them yet, and that’s why the share price is being dragged down.

@ fairydust

Still a great little share! I’m invested in Pulsar, and it’s performing really well. The board keeps shareholders updated every 2–3 weeks. They have a rare Helium-3 resource, and the jet stream wells are progressing nicely. Right now, the team is working round the clock on one of the jet stream wells. I got in at 24p, and it’s proving to be a cracking little share.

@ fairydust

"I’d appreciate it if we keep this professional. I’ve invested my own money in this share and have been working full-time for over eight years. I’m financially independent, so there’s no need to make assumptions."

Fairy dust. Time to find another dealer. All I'm doing i here is providing factual facts. Regarding the RNS, simple

OVERALL VERDICT

**Did GEX do what they said in their RNS?

➡ No — in most cases they did not.**

Delivered:

Scoping Study (late)

Some site visits

Some progress on Mt Winter paperwork

Negotiations (ongoing, not concluded)

Not Delivered:

Hussar drilling (promised repeatedly, never happened)

Rig mobilisation

Casing inspection / pressure test timeline

“Fully funded” operational plan

Completion of Mt Winter regulatory approval

Completion of Central Petroleum asset acquisitions

Major inconsistency:

Claiming to be fully funded in Nov 2024, but by late 2025 requiring external offtake funding + placing + debt facilities to move forward.

HAVE GEX DONE WHAT THEY SAID THEY WOULD DO?

Summary: Most operational milestones have not been delivered.

1. Hussar EP513 (Drilling / Re-entry)

What GEX said (multiple RNS):

Date RNS Statement Delivered?

Oct–Nov 2024 RNS “On target to commence operations in December 2024.” ❌ Did not happen. No drilling in Dec 2024 or 2025.

Nov 2024 RNS Casing inspection & pressure test to start in December 2024. ❌ No evidence this occurred.

Dec 2024 RNS Site inspection completed; operations progressing. ⚠️ Site inspections happened, but drilling did not.

Feb–Mar 2025 RNS Personnel returning to site; preparations ongoing. ⚠️ Activity confirmed, but still no drilling.

Dec 2025 RNS Negotiating with Harlequin for offtake funding + rig access. ❌ A full year later, still no rig on site and no drilling.

Verdict: ❌ NOT DELIVERED

No drilling, no re-entry, no rig mobilisation — despite being repeatedly guided as imminent for over a year.

2. Funding Statements

What GEX said:

RNS Claim Delivered?

Nov 2024 “The Company is fully funded for the Hussar work programme.” ❌ Contradicted in Dec 2025 RNS, which now says drilling requires external offtake funding from Harlequin.

Late 2025 Placing + debt facility required. ✔️ This confirms earlier “fully funded” claims were false or no longer accurate.

Verdict: ❌ NOT CONSISTENT

Claims of being “fully funded” proved incorrect within months.

3. Mt Winter EP(A)155

What GEX said:

Date RNS Statement Delivered?

Nov 2024 CLC approval expected December 2024. ❌ Did not complete in 2024.

2025 RNS series Ongoing progress, agreements “anticipated,” “advancing.” ⚠️ Progress claimed, but no completed approval.

Dec 2025 Still awaiting ALRA agreement release. ❌ Still incomplete a year later.

Verdict: ❌ NOT DELIVERED

Regulatory approval repeatedly guided as imminent, but still incomplete by end of 2025.

4. Scoping Study (Helium/Hydrogen/LNG Plant)

What GEX said:

Date Statement Delivered?

Nov 2024 “First draft expected January 2025.” ❌ No January publication.

Feb 2025 Scoping Study finally published. ✔️ Delivered, but ~1 month late.

Verdict: ⚠️ PARTIALLY DELIVERED (late)

5. Central Petroleum (CTP) Asset Acquisition: Mt Kitty / Dukas / Magee

What GEX said:

Date Statement Delivered?

2024-2025 RNS NDA + negotiations progressing. ✔️ Negotiations confirmed.

2025 RNS Preparing prospectus for FCA approval to acquire assets. ❌ As of Dec 2025, the acquisition is NOT completed.

Verdict: ⚠️ SOME PROGRESS, BUT NOT COMPLETED

6. Operational Timelines vs Reality

Across all RNS releases:

Area RNS Expectations Actual Outcome

Hussar drilling start Dec 2024 ❌ No drilling by end-2025

Mt Winter approval Dec 2024 ❌ Still pending in late-2025

Funding Fully funded ❌ Turned out not fully funded

Acquisition of CTP assets Imminent / advancing ❌ Still incomplete in 2025

Prospectus submission Imminent ❌ Not evidenced as submitte

What to watch next (if you’re an investor or posting this to a forum)

Look for one of these concrete events in a single RNS — that will be a true catalyst:

Signed Joint Operating Agreement (JOA) and confirmation of funding.

Rig contract and a confirmed mobilization/spud date.

Signed offtake/funding agreement with attached timelines.

Final ALRA/CLC agreement release for Mt Winter.

Any clarification about the 2024 “fully funded” statement (explain why funds ran out or were reallocated).

If you don’t see a single RNS with any of the above within the next update, treat future “in talks” language as low information.

Quick audit: Georgina Energy (GEX) — all RNS since IPO → key inconsistencies found

I pulled Georgina Energy’s RNS timeline from IPO/admission (30 July 2024) through the latest RNSs (including the 9 Dec 2025 Operational Update you pasted) and compared headline statements for consistency. Below is a concise, plain-English audit showing the most important RNSs, the contradictory claims, and what actually happened (or didn’t).

Where I pulled the RNS timeline (examples)

Admission / enlarged share capital admitted to trading (IPO/admission): 30 July 2024.

London South East

Operational Update / key “on target to commence operations in December” RNS: 6 Nov 2024.

London South East

Publication of Scoping Study to Hussar & Mt Winter: 25 Feb 2025 (RNS).

Investegate

Hussar EP513 Well Management Plan approval / other mid-2025 approvals: 14 Jul 2025 RNS and other permit updates through July 2025.

London South East

+1

Operational Update (the RNS you pasted): 9 Dec 2025.

Investegate

Short timeline of the most relevant RNS headlines (select)

30 Jul 2024 — Admission / enlarged share capital admitted (IPO).

London South East

6 Nov 2024 — Operational Update: “on target to commence operations in December”; company said it was fully funded for Hussar and Mt Winter.

London South East

Dec 2024 – Jan 2025 — Several follow-ups: site inspections, permit applications, MT Winter approval expected Dec 2024 (per earlier guidance).

London South East

25 Feb 2025 — Publication of Scoping Study to Hussar & Mt Winter (RNS entry).

Investegate

Mar – Jul 2025 — Personnel returned to site, permit progress, formal approval steps (Well Management Plan approval noted July 2025), resource updates. Trading was suspended briefly in June 2025 and restored in July.

London South East

+1

9 Dec 2025 — Operational Update: still “completing negotiations” with an offtake partner, “Harlequin have access to a drill rig…”, still preparing airstrip/roads/drill pad, and seeking funding via offtake/JV. (This is the RNS you pasted.)

Investegate

The core inconsistencies (plain-English)

1) Funding: “Fully funded” (Nov 2024) → later RNSs say they need funding

Nov 6, 2024 RNS: company explicitly said it was fully funded for the Hussar programme and Mt Winter obligations (following a July fundraise).

London South East

Dec 9, 2025 RNS: the company is “completing negotiations… to fund the drilling program” and explicitly says it’s seeking offtake/funding partners. This directly contradicts the earlier “fully funded” claim.

Investegate

+1

Why this matters: “Fully funded” is a material investor statement. Saying later that external funding is required for the same programme is a clear reversal.

2) Timelines slipped — “drilling December 2024” → no spud date 12 months later

Nov 2024: “On target to commence operations in December” — specific operational

Read it again. It did say they had an issue of flooding.

Because I got 10 grand in this Share

Short Forum Version

Quick reality check on Georgina’s last two RNS statements:

Nov 2024 RNS:

Said drilling would start Dec 2024

Said they were fully funded

Claimed approvals due Dec 2024

Scoping study due Jan 2025

NDAs and farm-ins “advancing”

Site visit completed and everything on track

Dec 2025 RNS:

Still no drilling

Still no rig

Still no funding (now relying on an offtake partner)

Still no approvals

Scoping study not mentioned

No farm-in deals

Still stuck on “planning”, “talks” and “negotiations”

Bottom line:

A full year has passed and none of the 2024 guidance has been delivered. All timelines slipped by 12 months, funding claims reversed, and the company remains in the same position it was a year ago — still talking, still negotiating, still preparing, but not actually drilling.

SIDE-BY-SIDE COMPARISON — GEORGINA ENERGY RNS

Nov 2024 vs Dec 2025

1️⃣ HUSSAR DRILLING OPERATIONS

What they said in Nov 2024

“On target to commence operations in December” (2024)

Very specific: casing inspection, pressure test, and preliminary work scheduled and funded.

Site visit (24–27 Nov) already organised to support drill approval.

They stated Hussar work programme was fully funded.

What they say in Dec 2025

No drilling has taken place.

No casing inspection, no pressure test, no re-entry.

No rig mobilisation.

Now “completing negotiations” with Harlequin for funding the drilling program.

Planning and logistics are still being prepared (airstrip repairs, access roads, drill pad).

Direct Contradiction

In 2024: “On target to commence drilling in December + fully funded.”

In 2025: Still negotiating for funding, still planning, no operations started.

➡ A full year of slippage, and funding claims reversed.

2️⃣ RIG AVAILABILITY

Nov 2024

No mention of needing a partner to source a rig — because they said drilling was imminent and funded.

Dec 2025

Harlequin “advised they have access to a rig” in Western Australia.

Georgina still has to review it.

Meaning

A year later, they are not only without a rig, but they haven’t even selected one yet.

3️⃣ MT WINTER (EP155)

Nov 2024

CLC ratification expected Dec 2024.

They stated seismic and mapping work was ongoing under the funded work programme.

Dec 2025

Still “continued progress” toward release of the agreement.

Still negotiating funding via offtake partners.

Meaning

Regulatory approval expected in Dec 2024 is still pending in Dec 2025.

And again, funding is suddenly needed — contradicting “fully funded” claim in 2024.

4️⃣ FARM-IN / JV / TARGETS

Nov 2024

Multiple NDAs signed.

Talking to two companies for “potential farm-in rights.”

These appeared active and near-term.

Dec 2025

No mention of these NDAs.

No farm-in deals concluded.

Still only “in discussions” with off-takers and JV partners for funding.

Meaning

Talks from 2024 have not led to any formal agreements in 2025.

5️⃣ SCOPING STUDY

Nov 2024

First draft of major conceptual scoping study due January 2025.

Dec 2025

No update.

Not mentioned at all.

No findings, no results, no progress.

Meaning

Either the study was:

completed and shelved,

delayed indefinitely, or

abandoned,

and the market was not updated.

6️⃣ FUNDING POSITION

Nov 2024

“The Company is fully funded”

For Hussar, Mt Winter work programme, and G&A.

They raised £4.2m and stated this covered everything required.

Dec 2025

“Negotiations… to fund the drilling program.”

“In discussions… to provide funding for the re-entry.”

Direct Contradiction

In 2024, they insisted funding was secure.

In 2025, they are dependent on third parties

So what happened?

When you compare the two RNS statements:

Nov 2024:

Drilling to begin in December

Fully funded

Seismic reprocessing underway

Regulatory approvals expected within weeks

Scoping study due Jan 2025

Farm-in talks with multiple companies

Site visit happening imminently

Dec 2025:

Still “negotiating”

Still “preparing logistics”

Still “reviewing a rig”

Still chasing funding

Still waiting for approvals

Still talking about scoping/planning/future potential

Still no defined timelines

No rig contract

No JOA signed

No spud date

This is a full year of slippage.

⭐ The Key Issue

This isn’t about delays — delays happen.

This is about the difference between what they guided and what they delivered.

They gave:

hard timelines

firm language

“fully funded” claims

imminent operational milestones

None of which materialised.

So your frustration is completely valid.

If you'd like, I can also do:

A breakdown of likely timelines implied by the Dec 2025 RNS

A summary of what MUST occur before drilling can physically happen

A “red flag vs green flag” assessment of their communication behaviour

A comparison with typical ASX/LSE junior explorer progress patterns

What they said in Nov 2024

1. “On target to commence operations in December 2024”

Direct quote:

“The Company remains on target to commence operations in December with casing inspection and pressure test as a preliminary to re-entry.”

This is extremely specific:

They said work would start in December.

Not “hoped,” not “aimed,” not “subject to funding.”

‘On target to commence operations’ is a hard guidance statement.

But it never happened.

2. They said they were “fully funded”

Direct quote:

“The Company is fully funded for its work programme at Hussar… and for general working capital.”

But now, 13 months later, the Dec 2025 RNS says:

“Negotiating with an offtake partner to fund the drilling program.”

You can’t be “fully funded” in Nov 2024 and then need someone else to fund drilling in Dec 2025.

That’s a contradiction.

3. They claimed the site visit / Traditional Owner work was already happening

They said in Nov 2024 the site visit (24–27 Nov) would support the drilling application.

That was already done a year ago — yet in Dec 2025 they still talk about “preparing logistics” and nothing is mobilised.

4. Mt Winter – promised approvals by Dec 2024

Quote:

“CLC ratification… is anticipated to complete in December 2024.”

By Dec 2025:

“Continued progress… to facilitate completion.”

So the approval expected in Dec last year still hasn’t been delivered.

5. Scoping study due Jan 2025

They promised:

“First draft will be delivered in January 2025.”

There is zero mention of this study in the 2025 RNS.

Either:

It was delivered and ignored,

Or it was delayed and never disclosed,

Or it wasn’t material enough for them to mention — which is odd for something they highlighted earlier.

6. They were talking up additional farm-in opportunities

Lots of talk about NDAs, targets, expanded prospects, etc.

A year later?

Nothing concrete.

❗ So what happened?

When you compare the two RNS statements:

Nov 2024:

1. Markets hate uncertainty — and that’s what they’re getting.

If management keeps promising movement but delivers only vague progress, investors lose confidence. Even if fundamentals are intact, sentiment can drag things down.

2. “Talks” with JV partners or offtake partners can genuinely take months…

…but if it was really “set in stone” last December, then communication has clearly been poor. Companies often hide negotiation delays behind generic language.

3. The market liking it depends entirely on execution now.

If they finally announce something concrete — rig mobilization, JV signed, dates locked in — the market will likely react positively. But until then, it’s all noise.

4. Your frustration is valid.

You’re not being unreasonable. When timelines repeatedly slip without transparency, investors naturally lose patience.

When a project was “ready to drill” last December and a year later all you’re hearing is talks, talks, more talks, it starts to feel like the goalposts are being moved every time an update comes out. Flooding is a legitimate delay, but that only explains part of what’s happened. Everything after that — JV negotiations, wellhead offtake discussions, “nearly there,” “soon,” “imminent” — can feel like classic corporate stalling language.

Great rns

hats off to ha