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OFFTAKE MOU EXTENSION EXECUTED

19 Dec 2025 07:00

RNS Number : 2782M
Georgina Energy PLC
19 December 2025
 

 

19th December 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")

 

OFFTAKE MOU EXTENSION EXECUTED

 

Georgina Energy Plc, GEX.L, a helium, hydrogen and natural resources development company in Australia, wishes to advise it has today executed an extension for the offtake MOU with Halo Capital Investments Ltd ("Halo" or the "Off-taker") in order to consider all of Georgina's projects.

 

The MOU agreement, executed on 28th August 2025, will be extended for a period of 24 months to 28th August 2028, in order to incorporate the recently announced Central Petroleum ("CTP") acquisitions, subject to the completion of the proposed transaction. Halo is backed by established capital from family office and fund investors supporting companies in highly regulated energy markets.

 

OFFTAKE MOU:  The agreement grants Halo the non-exclusive option to 100% of helium, hydrogen and natural gas output from Georgina's current and any future projects.

 

The agreement will provide Westmarket Oil & Gas with the option to sell the gas at the well head in its raw state via Offtake funding. This is subject to a formal contract on commercial terms which will minimise the Company's exposure to expensive capital infrastructure. The extension of the MOU does not affect the ongoing funding discussions regarding Hussar and Mt Winter, which remain priorities.

 

Key highlights:

 

· The Off-taker will be responsible for the processing facilities, including separation units for helium/ hydrogen and cryogenic systems purification at its sole cost.

· Georgina's sunk costs will be recovered subject to an agreement between the parties.

· Prepayment financing and optional funding to accelerate development will be available, subject to agreed terms.

· Storage, transportation, exportation and trucking helium to Darwin, and ammonia conversion to hydrogen, will be the Off-taker's sole responsibility.

 

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

 

The Off-taker will then conduct a detailed review and assessment to agree commercial terms. The agreement will only become exclusive when the Off-taker provides proof of funds and executes a formal contract.

 

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

 

"While the development, financing and drilling of Hussar and Mt Winter remain our priorities, the extension of the Off-take MOU will allow Halo to consider the transformational and highly complementary CTP projects as part of the Offtake agreement. The incorporation of the Mt Kitty, Dukas and Mahler assets supports its sell at the well head concept.

 

"Georgina Energy has built forward momentum with the approval of the Hussar EP513 drilling permit, completion of the purchase of 100% of Mt Winter along with the new CTP wells, subject to completion, positioning the Company to become a leading producer of helium and hydrogen. We look forward to providing further announcements."

 

 

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

 

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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