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OFF-TAKE MOU EXECUTED AND PERMIT UPDATE

28 Aug 2025 07:44

RNS Number : 0249X
Georgina Energy PLC
28 August 2025
 

 

28 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")

 

OFF-TAKE MOU EXECUTED AND PERMIT UPDATE

 

Georgina Energy Plc (GEX.L), a helium, hydrogen and natural resources development company in Australia, announces it has today executed a Memorandum of Understanding ("MOU") for an Off-take agreement with Halo Capital Investments Ltd ("Halo" or the "Off-taker") relating to its Hussar and Mt Winter projects.

 

Halo's management team brings extensive experience in growing and managing global energy businesses, including major gas developments. Halo is supported by established capital from family offices and fund investors supporting companies operating in highly regulated energy markets.

 

The agreement grants Halo a 12-month non-exclusive option to acquire the rights to 100% of helium, hydrogen and natural gas produced from Georgina's current projects and any future projects.

 

The agreement will enable Westmarket Oil & Gas to sell the gas at the wellhead in its raw state, subject to a formal contract on commercial terms, thereby minimising the Company's exposure to costly capital infrastructure.

 

Key highlights:

 

· Westmarket Oil & Gas Pty Ltd is able to sell gas at the wellhead in its raw state

· The Off-taker will be solely responsible for the processing facilities, including separation units for helium, hydrogen and cryogenic purification systems, at its own expense

· Georgina's sunk costs will be recovered

· Pre-pay financing and optional funding to accelerate development will be available

· The option will become exclusive upon the Off-taker providing proof of funds and execution of a formal contract

· The Off-taker will be solely responsible for storage, transport, export, trucking helium to Darwin, and converting ammonia to hydrogen

· Westmarket Oil & Gas must deliver completed flow tests identifying volumes and composition of the gas reserves

· Following receipt of flow tests, the Off-taker will conduct a detailed review and assessment to finalise commercial terms

 

Permit Approval Update: Westmarket Oil & Gas has received formal notification from the regulator, the Department of Mining, Petroleum and Exploration ("DMPE"), that all lodgement requirements for Hussar EP513 have been completed and accepted. The Company is now awaiting final drilling approval from the DMPE. Once granted, work will commence on the access to the Hussar well site to undertake repairs at the Hussar Airstrip and access road, as well as the construction of drilling, camp location pads and water wells.

 

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

 

"Georgina now has two off-take agreements in place, which provide a clear step towards commercialisation of the Company's assets and further support of its wellhead sales strategy. With the imminent granting of the Hussar drilling permit and the completion of the 100% acquisition of the Mt Winter project, the Company is in a strong position for future growth."

 

 

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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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
7th Jul 20257:00 amRNSHussar EP513 Update
4th Jul 20254:00 pmRNSRestoration of Trading
30th Jun 20257:00 amRNS2025 Audited Final Results

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