RE: Clayton J filtered11 Nov 2025 11:18
Georgina Energy PLC, down 8.2% at 4.91p, 12-month range 4.25p-11p. The helium and hydrogen exploration company says it has agreed to acquire three subsidiaries of Central Petroleum Ltd that hold interests in major exploration permits across Australia's Amadeus Basin. The assets include the Mt Kitty, Dukas, and Mahler prospects, which contain high concentrations of helium, hydrogen and hydrocarbons, with Mt Kitty already hosting 2C contingent resources. Upon completion, Central Petroleum will hold 25% of Georgina's share capital. The deal remains subject to regulatory and shareholder approvals, a GBP7 million fundraise, and publication of a prospectus. CEO Anthony Hamilton says the transaction is "transformational," adding valuable production potential.
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