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22 Aug 2024 07:01
22 August 2024
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 (the "Company")
(formerly Mining, Minerals & Metals plc)
HUSSAR WELL PERMITTING UPDATE
Further to the Company's announcement on 19th August and the appointment of Aztech Well Construction to project manage the well re-entry at Hussar EP513 in the Officer Basin, Georgina Energy GEX.L, is pleased to announce the following update on the Hussar Well Re-entry Program.
Aztech brings over 14 years of experience in well project management and engineering solutions managing drilling operations across onshore Australia. Notably, Aztech has drilled over 40 wells in the Perth Basin between 2011 and 2023, demonstrating their deep industry knowledge and capability.
Permitting Update: Re-entry Hussar EP513 Officer Basin Western Australia
· Regulatory Submissions: Georgina's wholly owned operating subsidiary, Westmarket Oil & Gas Pty Ltd, has lodged its Notification of Operator, Authorisation Letter, and detailed work program with the Department of Energy, Mines, Industry Regulation & Safety (DEMIRS).
· Environmental Compliance: An independent environmental consultancy has been engaged to complete required Environmental Assessments.
· Risk Management: The Company is finalising risk assessment and contingency plans to be submitted with its drilling approval application.
· Site Preparations: Planning for site preparation and civil works is well underway.
· Health & Safety: Aztech is preparing HSEMS (Health, Safety, and Environmental Management System) submissions for DEMIRS in support of the re-entry and drilling approval process.
· Seismic Data Processing: New, recently available, seismic data is being analysed to enhance pre-drilling structural mapping of the Hussar prospect.
Georgina Energy has clearly stated its aspirations to become a global partner in the Helium and Hydrogen market and the Hussar Well Re-entry program forms a key component in realising this vision.
Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:
"Georgina Energy remains on track to obtain its re-entry and drilling approvals from DEMIRS, supporting our strategy of low-risk well re-development projects in Australia. These projects focus on unlocking significant prospective resources of natural gas, hydrogen and helium. The execution of the Aztech contract and drilling permit for the Hussar project is a crucial first step to proving our concept."
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.
The projects benefit from established infrastructure and a reliable supply chain, offering significant resource potential through low-risk, cost-effective drilling projects.
Georgina Energy has two principal onshore interests held through its wholly owned Australian subsidiary, Westmarket Oil & Gas. 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. Georgina also has a right to earn an initial 75% interest (with the potential to extend to 90%) in a second prospect, EPA155 Mt Winter Prospect, is located in the Amadeus Basin in the Northern Territory, subject to the granting of the permit application.
In line with market demand trends, Georgina Energy is well-positioned to capitalize on the growing gap between supply and demand for Helium and Hydrogen with the independently verified prospective recoverable resource potential of the Hussar and Mt Winter projects.
For more information visit https://www.georginaenergy.com
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