REG - Georgina Energy PLC - CONFIDENTIALITY AGREEMENT SIGNED

Georgina EnergyAnnouncement

08/10/2024 07:00

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RNS Number : 2531H  Georgina Energy PLC  08 October 2024

 

8 October 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

("Georgina", "Georgina Energy" or the "Company")

 

 CONFIDENTIALITY AGREEMENT SIGNED

 

Georgina Energy Plc, GEX.L is pleased to advise that, via its wholly owned
subsidiary Westmarket Oil & Gas Pty Ltd, it has executed a Confidentiality
Agreement (the "Agreement") with a well-established Australian-listed Oil
& Gas exploration and production company, with Australian onshore gas
production assets, in relation to its well re-entry programme.

 

As announced on 3(rd) October 2024, the Company has completed a review of
potential additional well re-entry targets for a programme following Hussar
and Mt Winter drilling. Georgina has reached out to various parties to
determine interest in either a farmout or direct interest.

 

The purpose of the Agreement is to evaluate the potential acquisition or
farm-out of certain permits between the parties, subject to formal agreements.
The Agreement is for a 24 month period from the date of execution.

 

This Agreement is in addition to the targets identified previously by Georgina
Energy and its consultants.

 

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

 

"The execution of this agreement with a well-established, production company
with Australian onshore gas assets and significant acreage, provides Georgina
with exciting potential opportunities for growth following the development of
Hussar and Mt Winter."

 

 
END

 

Enquiries

 

Georgina Energy

   Tony Hamilton   via georginaenergy@apcoworldwide.com (mailto:georginaenergy@apcoworldwide.com)
   Mark Wallace

Tavira Financial Ltd - Financial Adviser and Joint Broker

   Jonathan Evans       +44 (0)20 3833 3719 (tel:+442038333719)
   Oliver Stansfield

 

Oak Securities - Joint Broker

   Jerry Keen         +44 (0)203 973 3678 (tel:+442039733678)
   Henry Clarke
   Dillon Anadkat

 

Financial PR via georginaenergy@apcoworldwide.com
(mailto: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, the permit is anticipated to be granted within
the next 3 months, 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.).

 

 

 

For more information visit https://www.georginaenergy.com
(https://www.georginaenergy.com/)

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