Sign In
Last checked at 
27 May 2025 08:09
27th May 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 & Mt Winter - Permit and Project Progress
Georgina Energy Plc, GEX.L, a helium, hydrogen and natural resources development company in Australia, provides the following update on key workstreams across its Hussar and Mt Winter assets.
EP513 Hussar
The Company's subsidiary, Westmarket Oil & Gas Pty Ltd ("Westmarket"), has submitted the following documents with Department of Energy, Mines, Industry Regulation and Safety ("DEMIRS"):
i. Well Management Plan (WMOG-DR-PL-02)
ii. Drilling Application (SOP-WLA-0193) and
iii. Well Activity Application (SOP-WLD-0109).
Georgina has also received the Report of Archaeological and Ethnographic Work Program Survey completed within the revised EP513 Exploration permit area.
Permit Status
The revised Environmental Impact Report which incorporates a significantly larger area, has been completed. Formal notice has been lodged with the Central Desert Native Title Services, as part of the drilling approval process for the intention to undertake repairs at the Hussar airstrip and access roads.
The Company is working closely with both DEMIRS and the Traditional Owners to secure drilling approval and remain confident it will be granted. Detailed engineering has taken place over the Hussar well re-entry and well development and a suitable drill rig, Ensign 970 Rig with a 10M BOP system, has been identified to undertake the drilling program.
Seismic Reprocessing
The Company and its consultants, following completion of seismic reprocessing and remapping, have also identified a secondary target within the significant expansion of the Hussar structural closure of c.350 km2, an increase of 50 km2 in aerial extent than previously mapped and entirely within the EP513 exploration licence.
EPA155 Mount Winter
The Company is currently preparing the preliminary re-entry work program as part of the Aboriginal Land Rights Act ("ALRA") agreement as the final part of the process to obtaining ratification of the granting of the selected priority area of EPA155 from the Northern Territory Minister for the Department of Mining and Energy.
Georgina has advanced the re-entry program timeline following the proposed acquisition of 100% of Mt Winter which is anticipated to complete in due course. The increased resource potential of the Mt Winter prospect following completion of reprocessing and re-mapping of the existing 2D seismic data has also provided an additional resource target within EPA155.
Additional Targets
The Company is progressing negotiations following the completion of a detailed review for potential advanced prospects with proven drilled occurrences of gas with high concentrations of helium, hydrogen and hydrocarbons under relevant Confidentiality Agreements. These potential targets are slated for re-entry and development following the completion of developments at Hussar and Mt Winter. The Company will advise on any substantive progress.
Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:
"Georgina continues to be focused on multiple workstreams to fulfil obligations for the Hussar drilling permit approval and completion of the Mt Winter acquisition along with implementing preparation of the re-entry plans for Mt Winter and completion of the ALRA agreement with the CLC and the Traditional Owners. Concurrently, we have completed the evaluation of additional re-entry targets which will shape our post-Hussar and Mt Winter work programme."
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, which Georgina Energy has a right to earn an initial 75 per cent. interest in (with the potential to reach 90 per cent.).
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
Follow the stocks
