RE: GEORGINA ENERGY PLC. London presentation12 Jun 2021 14:58
This is quite interesting, there is already a well on the Ep155 all they need to do is side track it.
EP155: Mt Winter, Amadeus Basin
? The EP155 Mt Winter Project, in the Southern Amadeus Basin, Northern Territory of Australia is considered by independent consultants to be one of the most valuable resource basins in Asia Pacific. It has significant helium, oil and gas potential.
? The property is held by Westmarket Oil & Gas, a wholly owned subsidiary of Georgina Energy Plc, consists of a Farm-in with Mosman Oil & Gas to earn up to 70% interest and management control of the project.
? The Mt Winter well was drilled to a depth of 2,650m TD. It did not penetrate the sub-salt helium horizon. The project area is 3,200 acres.
? Georgina Energy has an initial program to complete seismic, and then side-track the existing well to develop the helium.
? Independent consultants confirmed the Mt Winter project has, within the permit, the required elements to yield significant helium accumulations, and potential charged structures to host up to P50 75 BCFG of helium.
? EP155 also potentially contains prospective recoverable c.1.5 TCFGE (trillion cubic feet equivalent) Hydrocarbons.
? EP155 has the potential to host at a notional 11% Hydrogen concentration of 165 BCFG.
? Georgina Energy can earn an additional 15% of revenue from oil resources discovered