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OFFTAKE PROPOSAL & Helium-3 POTENTIAL

26 Aug 2025 07:01

RNS Number : 6510W
Georgina Energy PLC
26 August 2025
 

 

26th 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")

 

OFFTAKE PROPOSAL & Helium-3 POTENTIAL

 

Georgina Energy Plc, GEX.L, a helium, hydrogen and natural resources development company in Australia, has received an additional expression of interest for offtake and wishes to provide the following update.

 

Highlights

· Additional expression of interest received for a potential offtake agreement, including pre-pay financing options

· Proposed structure supports sale at wellhead, with the offtaker funding downstream processing facilities

· Sunk Cost Recovery of Georgina's prior investment

· High-grade helium confirmed in Amadeus Basin; historical reports indicate potential for rare, high-value Helium-3 (³He)

· ³He pricing quoted in 2024 exceeded US$70M per mcf, ~140,000x the value of ⁴He

 

 

Offtake Proposal

 

The Company has received an additional expression of interest for an offtake agreement and is currently reviewing the proposed offer and terms, including proof of funding.

 

The proposed offtake agreement would include the sale of helium, hydrogen and natural gas in the form of Liquid Natural Gas (LNG), with the Company's wholly owned subsidiary, Westmarket Oil & Gas selling raw gas at the wellhead to an off-taker. The offtaker would be responsible for capital outlay for downstream processing facilities, including the separation units, PSA systems for helium/hydrogen separation and cryogenic systems for purification.

 

Importantly, the off-taker has also indicated the availability of pre-pay financing to accelerate development. Negotiations are ongoing, and the Company will advise on any successful outcomes.

Helium-3 potential in the Amadeus Basin

Georgina's two major re-entry projects, Hussar in the Officer Basin (Western Australia) and Mt Winter in the Amadeus Basin (Northern Territory), are focused on the re-entry and testing of a combined independently assessed SPE PRMS 2U/ P50 Prospective Recoverable Resources of 430 BCF helium, 432 BCF hydrogen and 3,764 BCF of hydrocarbons (at 100% ownership level).

In response to recent investor queries regarding the potential presence of Helium-3 (³He) at Mt Winter and Hussar, the Company confirms that consultants have previously identified drilled evidence of exceptionally high grades of helium (ranging up to 9% helium) in the subsalt zones of the Amadeus Basin. While this is predominantly the more common Helium-4 isotope variation, previous reporting by the Australian Petroleum Producers Association (now the Australian Energy Producers) also documents the occurrence of the much rarer and highly valuable Helium-3 isotopic variation(³He).

³He is exceptionally rare and is thought to originate deep within the Earth's mantle, migrating up fault and fracture systems into crustal reservoirs where it can be found in trace amounts mixed with ⁴He.

The projected usage of ³He includes nuclear fusion for clean energy, quantum computing, cryogenics, medical imaging, and nuclear monitoring. Due to its scarcity, ³He commands significantly higher prices compared to ⁴He, with Gold Hydrogen Limited ("GHY") quoting pricing in 2024 in excess of US$70 million/mcf-approximately 140,000 times the price of the ⁴He helium isotope.

Notably, reported ³He concentrations of up to 901 ppt (parts per trillion) in GHY's Ramsay-2 well in South Australia are considered significant. However, gas analyses from the Amadeus Basin show ³He levels of up to 1,100 ppt, as reported by Dr Chris Boreham in "Helium in the Australian Liquefied Gas Economy" (APPEA Journal, Jan 2018 p.219) - approximately 22% higher than the maximum concentrations reported in GHY's South Australian project.

 

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

 

"To be in receipt of further offtake interest adds strength our position as we continue to derisk Georgina's key projects. The terms of the proposed agreement are very encouraging and align with our scoping study recommendations and wellhead sales strategy.

 

In addition, the potential for high levels of Helium-3 reported by Australian Energy Producers in the Amadeus Basin underscores the strategic importance of our planned re-development programme and may represent an opportunity for further value creation, with the possibility of an additional income stream subject to the success of planned flow testing."

 

 

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

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30th Jun 20257:00 amRNS2025 Audited Final Results

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