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Hussar EP513 WELL MANAGEMENT PLAN APPROVAL

14 Jul 2025 07:00

RNS Number : 8970Q
Georgina Energy PLC
14 July 2025
 

 

14th July 2025

 

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 WELL MANAGEMENT PLAN APPROVAL

 

Georgina Energy Plc, GEX.L wishes to advise the Company's subsidiary, Westmarket Oil & Gas Pty Ltd ("Westmarket"), has received formal approval of its Well Management Plan for drilling activity at Hussar from the Western Australian Department of Mines, Petroleum and Exploration ("DMPE") - formerly the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS).

 

The approval from the DMPE for the submitted Well Management Plan for Hussar (WMOG-DR-PL-02 Rev2) covering the proposed drilling, well suspension or plug and abandonment and care and maintenance activities, is subject to the following conditions:

 

· the exploration and recovery of Helium is permitted only when it occurs as a mixture with hydrocarbons

· Westmarket must provide evidence of valid insurance cover for the drilling activity prior to the spudding of the Hussar-2 well

 

Final Drilling Approval: Once Westmarket has received approval for the final expanded environmental management plans, and the final approval is granted as required under legislation pursuant to regulation 13(1)c of the RMAR (Resource Management and Administration Regulations), DMPE will issue the drilling approval.

 

For the avoidance of doubt, preparation of, and access to, the Hussar Well site cannot be undertaken until final expanded environmental management plans are approved as part of the drill approval. The Company will then undertake repairs at the Hussar airstrip and access roads, and begin to construct drilling and camp location pads, as well as water wells.

 

 

Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:

 

"Georgina's operations team has worked on all the required obligations for the Hussar drilling permit approval in cooperation with the indigenous community representatives. We await approval for our extended environmental plan, and look forward to receiving the final drilling approval once all obligations and approvals have been obtained."

 

 

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

 

Oak Securities - Joint Broker

Jerry Keen

 +44 (0)203 973 3678

Henry Clarke

Dillon Anadkat

 

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.

 

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 and EP513 Hussar projects for their potential accumulations.

 

For more information visit https://www.georginaenergy.com

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MSCUOARRVAUBAUR
Date   Source Headline
2nd Jul 20267:00 amRNSHussar EP513 Drill Pre-Drill Site Works Update
24th Jun 20267:00 amRNSMt Winter EPA 155 ALRA
17th Jun 20267:00 amRNSHussar EP513 Drill Mobilisation/Site Works
4th Jun 202610:28 amRNSRepayment of Debt
2nd Jun 20267:00 amRNSIssue of Equity
1st Jun 202610:49 amRNSCompletion of £1 Million Fundraise
29th May 20269:03 amRNSAudited Final Results for Year Ended 31 Jan 2026
27th May 20264:42 pmRNSExercise of Warrants
26th May 20267:00 amRNSHussar EP513 Pre-Drill Works
22nd May 20268:16 amRNSIssue of Equity
20th May 20267:00 amRNSHussar EP513 Drill Contract Executed
6th May 202610:27 amRNSTermination of share purchase agreement
1st May 20267:04 amRNSCompletion of £1 Million Fundraise
28th Apr 202611:17 amRNSIssue of Equity
20th Apr 202611:59 amRNSResults of General Meeting
16th Apr 20269:48 amRNSHussar EP513 Drill Contract
27th Mar 20267:10 amRNSNet Asset Value(s)
25th Mar 20265:07 pmRNSPosting of Circular and Notice of AGM
13th Mar 20267:10 amRNSNet Asset Value(s)
12th Mar 20267:00 amRNSHussar EP513 Drill Contract Update
10th Mar 20267:10 amRNSNet Asset Value(s)
4th Mar 20267:00 amRNSHussar EP513 Drill Preparations Update
24th Feb 20267:00 amRNSMt Winter EPA 155 ALRA RECEIVED
17th Feb 20267:00 amRNSHussar EP513 Site Inspection
13th Feb 20267:30 amRNS-RBroker Research Initiation
5th Feb 20267:00 amRNSHussar EP513 Drill Operations Site Inspection
30th Jan 202611:16 amRNSDebt Drawdown of £500,000
29th Jan 20261:17 pmRNSHolding(s) in Company
26th Jan 20267:00 amRNSHussar EP513 Drilling/Funding
19th Dec 20257:00 amRNSOFFTAKE MOU EXTENSION EXECUTED
19th Dec 20257:00 amRNSOFFTAKE MOU EXTENSION EXECUTED
9th Dec 20257:00 amRNSOperational Update
20th Nov 20257:16 amRNSExpression of Interest to Fund Hussar EP513
14th Nov 20257:00 amRNSReplacement: Placing and Debt Facility
11th Nov 202510:00 amRNSACQUISITION OF ADDITIONAL RE-ENTRY TARGETS
4th Nov 20259:23 amRNSPlacing and Debt Facility
31st Oct 20257:47 amRNSHussar EP513 Drilling Approval
30th Oct 202511:20 amRNSHussar EP513 Drilling Approval Obtained
27th Oct 20257:33 amRNSInterim Results
22nd Oct 202510:52 amRNSHussar EP513 Environmental Plan APPROVAL
28th Aug 202510:53 amRNS£1m Fundraise to Advance Hussar & Mt Winter
28th Aug 20257:44 amRNSOFF-TAKE MOU EXECUTED AND PERMIT UPDATE
26th Aug 20257:01 amRNSOFFTAKE PROPOSAL & Helium-3 POTENTIAL
19th Aug 20257:00 amRNSMt Winter EPA 155 Update
18th Aug 20257:00 amRNSHussar EP513 Drilling Approval Update
6th Aug 20251:07 pmRNSResult of AGM
14th Jul 20257:00 amRNSHussar EP513 WELL MANAGEMENT PLAN APPROVAL
10th Jul 20257:00 amRNSRevised Resource Upgrade of 37.8% EPA155 Mt Winter
8th Jul 20257:00 amRNSMt Winter EPA 155 Update
7th Jul 20258:30 amRNSNotice of Annual General Meeting

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