RE: New X Post11 Dec 2024 10:35
Georgina Energy (GEX) confirmed that following the successful meeting in Alice Springs on 11th September between the Central Land Council and the Traditional Owners, the CLC has been formally instructed to commence negotiations regarding the grant of the Company’s selected priority area within the EPA 155 permit area, which includes the proposed Mt Winter 1 well target. GEX said the granting of the revised Mt Winter Exploration Permit with the prospect will be seen as a significant milestone and the result of hard work undertaken by the Georgina team, in particular, Mr Liddle OAM. We’re very pleased to move forward with the development of Mt Winter, fulfil the outstanding requirements and pursue our low-risk, high-reward re-entry strategy.
Comment: It remains the case that with solid newsflow such as we have been treated to today, GEX can shake off the stone throwers, and potentially stage quite a sharp turnaround both in sentiment and share price.