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12 Mar 2026 07:00
12th March 2026
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF (A) ARTICLE 7(1) OF UK MAR IN SO FAR AS IT RELATES TO ORDINARY SHARES ISSUED BY GEORGINA ENERGY PLC
Georgina Energy plc
("Georgina", "Georgina Energy" or the "Company")
Hussar EP513 Drill Contract Update
Georgina Energy Plc, GEX.L provides the following update following meetings with Ensign Energy concerning the supply of its Ensign 970 drilling rig for the Hussar prospect re-entry well in EP513.
Highlights:
• | Georgina is in discussions with Ensign Energy regarding its Ensign 970 rig ○ Ensign has until 18th March to respond to the standard contract provided ○ Georgina continues to review other rig applications |
• | Georgina continues to work closely with Harlequin Energy and its partners following signing of off-take agreement |
• | Company remains on target for civil engineering access and site works anticipated to commence in Q2, 2026 |
• | The civil engineering works required to enable the drill testing of this prospect remains on track for Q3, 2026 |
Ensign has until 18th March to respond to the standard contract provided by Aztech/Westmarket Oil & Gas Pty Ltd, while Georgina has other rigs to consider prior to the execution of the contract.
The Company continues its planning for the water well drilling rig access and a further reconnaissance trip with the proposed contractors for repairs to the access roads and airstrip, which is required to enable rapid mobilisation of the drilling rig and support service companies to site.
The Company's technical consultant, Aztech Well Construction, continues to issue additional RFQs in support of the planned drilling program including for the casing, wellhead, and service company support for electric logging, casing running and cementing, drilling fluid engineering, wellsite geology, mudlogging and gas sampling/laboratory analysis services.
Following the execution of an Off-take Framework Agreement with Harlequin Energy, the Company is working closely with Harlequin and its partners who will provide funding for the drilling of the Hussar well and field development. The Company remains on target for civil engineering access and site works anticipated to commence in Q2, 2026.
Rig Specifications:
The rig specification is an Automated Drilling Rig ("ADR")-1500 model with a hook load (capacity to lift drill string, tools etc.) of 750,000 lbs.
• | Automatic pipe handling for both drilling and stacking, "auto roughneck" |
• | Triple stand capacity-can stand and vertically rack three joint lengths of drill pipe i.e. 90 feet sections |
• | A top drive, i.e. no rotating drill table; all powered at the top of the drill pipe |
• | Diesel electric 4,400 hp generator |
• | 2 x 1,600 hp mud pumps |
• | Racking capacity 27,000 ft of 4" drill pipe |
• | Self-walking capability - can move independently short distances on the drill pad |
• | Capable of drilling to 5,000m depth with 5" drill pipe (note prognosed total depth ("TD") of the Hussar well is c.2,800m) |
Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:
"The Company continues to undertake the necessary preparatory planning and civil engineering works required to enable the drill testing of this exciting prospect in Q3, 2026, as guided. With 300 km2 of area closure, the Hussar prospect is one of the largest subsalt Helium, Hydrogen and Hydrocarbons prospects in onshore Australia."
END
Enquiries
Georgina Energy
Tony Hamilton | via georginaenergy@apcoworldwide.com |
Mark Wallace
| |
Tavira Financial Ltd - Financial Adviser and Joint Broker
Jonathan Evans | +44 (0)20 3833 3719 |
Oliver Stansfield | |
Financial PR via georginaenergy@apcoworldwide.com
Violet Wilson | +44 (0)203 757 4980 |
Letaba Rimell |
Notes to Editors
Georgina Energy aims to become a leading player in the global energy market and is focused on establishing itself among the top producers of Helium and Hydrogen worldwide. With a strategic approach and leveraging the experienced management team's expertise, Georgina Energy aims to capitalize on opportunities in these critical energy sectors.
Georgina Energy has two principal onshore interests held through its wholly owned Australian subsidiary, Westmarket O&G. The first, the Hussar Prospect is located in the Officer Basin in Western Australia and Westmarket O&G holds a 100% working interest in the exploration permit. The second, the EPA155 Mt Winter Prospect, is located in the Amadeus Basin in the Northern Territory, subject to completion of the Sale Agreement Georgina Energy will hold a 100% working interest. Additional subsalt prospect re-entry opportunities (Mt Kitty and Dukas prospects) into known Helium, Hydrogen and Hydrocarbon reservoirs in the Amadeus Basin in the Northern Territory with drilled occurrences of high concentrations of these gases (up to 9.5%, 11% and 40% respectively) are expected to be acquired via imminent settlement of a Sale and Purchase Agreement with the current owners, ASX listed Central Petroleum Limited.
In line with market demand trends, Georgina Energy is well-positioned to capitalize on the growing gap between supply and demand for hydrogen and helium with the resource potential of EPA155 Mt Winter, EP513 Hussar and the Mt Kitty and Dukas projects for their potential accumulations.
For more information visit https://www.georginaenergy.com
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