RNS - lovely!!8 May 2025 07:02
Georgina Energy plc
("Georgina", "Georgina Energy" or the "Company")
RESOURCE UPGRADE EPA155 MT WINTER
Georgina Energy plc, GEX.L is pleased to announce a significant resource upgrade at its Mt Winter Prospect (EPA155, Northern Territory). The upgrade follows the successful completion of seismic data reprocessing and re-mapping from the Independent Competent Person, Mr Maki Petkovski. This addendum builds on the CPR of May 23, 2024, published by Al Maynard & Associates, released in the Company's Prospectus (available on the GEX website). The revised estimates take into account Georgina's assumed 75% working interest, based on the Company funding 100% of the planned Mt Winter-1 re-entry program. A copy of the CPR Addendum can be found on Georgina's website here.
Highlights
· 15% increase in net attributable 2U Prospective Recoverable Resources of helium and hydrogen
· 3% increase in natural gas resources
· Identification of a new 60km² structural closure, offering future drill target potential
· Re-entry planned at Mt Winter-1 well, with target depth extended to ~2,900m
· Exploration permit negotiations progressing; Company to hold 100% interest in EPA155 upon completion