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19 Aug 2025 07:00
19th August 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")
Mt Winter EPA 155 Update
Georgina Energy Plc, GEX.L, a helium, hydrogen and natural resources development company in Australia, wishes to provide the following update on progress in relation to its Northern Territory EPA155 Mt Winter tenement application and the completion of its 100% ownership acquisition.
Highlights
· | ALRA agreement process advancing, with no major impediments identified by the Central Land Council (CLC) |
· | First draft of the ALRA agreement is expected shortly, enabling completion of the 100% acquisition of Mt Winter from Mosman Oil & Gas |
· | The resource target area within EPA155 has expanded significantly, supporting a 38% uplift in 2U/P50 recoverable resources |
· | Two additional wells within EPA155 are under review for re-entry, following seismic reprocessing |
· | Mt Winter is located within the Amadeus basin and in close proximity to previously drilled wells which encountered significantly high concentrations helium, hydrogen and natural gas which flowed to surface |
Mt Winter EPA155 Status
The Company previously advised that it has submitted the required documentation in support of its Mt Winter work program (WMOG-AD-PL-01) to the Central Land Council ("CLC") required to finalise an Aboriginal Land Rights Act ("ALRA") agreement. This agreement is necessary for the granting of the selected priority area of EPA155 by the Northern Territory Minister for the Department of Mining and Energy.
Importantly, the CLC has found no major impediments to the drafting of the Mt Winter ALRA agreement, and the Company anticipates receiving the first draft shortly. Once finalised, the agreement will allow the Company to swiftly complete on the Share Purchase Agreement, thereby acquiring 100% ownership of the Mt Winter tenement from Mosman Oil & Gas.
Georgina has been informed that the ALRA agreement will be completed by the CLC following its current priority work on a new production agreement for the Mereenie Oil and Gas Field. The Mereenie Oil and Gas Field, located approximately 70 km east of the Mt Winter re-entry project, holds a rich history as the largest onshore oil and gas field in mainland Australia at the time of its discovery in 1964. Since commencing production in 1984, the field has consistently delivered, with over 17 million barrels of oil and around 280 billion cubic feet of gas produced to date.
The forthcoming ALRA agreement will also incorporate Mt Winter-1 and two additional historical wells drilled on EPA155, both under active review for their sequential re-entry potential. In parallel, recent reprocessing and re-mapping of the existing seismic data has significantly expanded the prospective resource target area within EPA155, resulting in a 38% increase in 2U/P50 recoverable resources.
Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:
"The Company remains confident in finalising the ALRA agreement, which will include the decision to accelerate the Mt Winter re-entry. While the new Mereenie production agreement has caused a brief delay, we continue to work in partnership with the CLC and the Traditional Owners to expedite an agreement and unlock the expanded potential of EPA155.
"Alongside this, following submission of our revised Environmental Management Plan also look forward to providing further updates regarding drilling permit approval at Hussar EP513"
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 will hold a 100% working interest on completion of the purchase agreement with Mosman Oil & Gas.
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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