REG - Georgina Energy PLC - Expression of Interest to Fund Hussar EP513

Georgina EnergyAnnouncement

20/11/2025 07:20

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RNS Number : 3389I  Georgina Energy PLC  20 November 2025

 

20(th) November 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")

 

  Expression of Interest to Fund Hussar EP513

 

 

 

Georgina Energy Plc, GEX.L wishes to advise it has now received a non-binding
expression of interest from Harlequin Energy Limited ("Harlequin") to provide
the funding and enter into a Joint Operating Agreement ("JOA") for the
drilling of the Hussar EP513 well for the recovery of helium, hydrogen and
natural gas subject to further technical and economic due diligence by
Harlequin.

 

HUSSAR EP513 Funding Proposal: In addition to providing funding for the well,
the proposal includes the entering of a JOA that includes all associated
logistics and planning. This will involve working with Georgina's engineering
consultants, Aztec Well Construction, as well as coordinating with an Industry
leading global oilfield Services Company who have been engaged by Harlequin.

This proposal remains subject to the finalisation and execution of a formal
JOA and agreed commercial terms for the drilling at EP513, as well as the
completion of full technical and economic due diligence of the EP513 Hussar
License to the sole satisfaction of Harlequin and its advisors. Also, the
Company will now undertake due diligence of Harlequin to satisfy this funding
proposal.

Westmarket Oil & Gas Pty Ltd, a subsidiary of the Company, has secured
drilling approval from the Department of Mines, Petroleum and Exploration in
Western Australia ("DMPE", formerly "DEMIRS"), following consultation with the
Traditional Owners (MNR) and the Central Desert Native Titles Services (CDNTS)
pursuant to regulation 13(1)c of the Resource Management and Administration
Regulations (RMAR).

Following the approval for drilling the Hussar well, the Company has commenced
logistical preparations including repairs at the airstrip, access roads and
planning of the drill pad and site locations for the drilling rig and crew,
along with other critical elements of operational planning.

 

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

 

"Georgina is pleased to announce Harlequin's proposal for Hussar EP513.
Georgina has highlighted the potential for offtake funding to develop both
Hussar and Mt Winter which, combined with the recently announced acquisitions
from Central Petroleum of Mt Kitty, Dukas and Magee, positions the Company to
become a significant player in the extraction of helium and hydrogen and
natural gas.

 

Georgina has a clear strategy to advance both Hussar and Mt Winter whilst
taking advantage of opportunities that build portfolio diversification which
the recent proposed acquisition will do. This strategy establishes multiple
catalysts for the Company in 2026 and beyond. I look forward to reporting
further developments."

 

 

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, 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
(https://www.georginaenergy.com/)

 

 

 

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