REG - Georgina Energy PLC - Hussar EP513 Site Inspection

Georgina EnergyAnnouncement

17/02/2026 07:00

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RNS Number : 2138T  Georgina Energy PLC  17 February 2026

17th February 2026

 

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")

 

Hussar EP513 Site Inspection

 

 

Georgina Energy Plc, GEX.L is pleased to provide the following update on the
recent site visit to the Hussar drilling site EP513.

 

 

The Company's representatives and technical consultancy team travelled to the
Hussar prospect re-entry site on 12(th) February 2026 to undertake detailed
inspections and evaluate the work required for drilling and camp pads, access
routes, water well drilling, airstrip remediation and to investigate a back-up
or secondary reserve airstrip at Carnegie Station.

 

The programme is intended to ensure that required work will be successfully
completed to enable rapid mobilisation of the drilling rig to site to commence
drilling on schedule.

 

At Hussar, the two main subsalt reservoir targets are the Townsend Formation
and the fractured Neoproterozoic basement lithologies.

 

The final agreed site layout was fully inspected in compliance with the Well
Management Programme ("WMP") submitted to Department of Mines, Petroleum and
Exploration ("DMPE") for the site civil works plan (below), and subsequently
confirmed to be fit for purpose. The Company is negotiating with another
operator in the district to share the costs of part of the access road and
drilling of the required on-site water well.

 

 

The Proposed Wellsite Plan

 

 

The Company's representatives and consultants undertook the following whilst
on site:

 

·    Drill pad site dimensions were confirmed in accordance with the
Wellsite Plan.

·    Water well location and access roads for clearing approved.

·   Previous Seismic lines were inspected and Geobit Instruments SmartSolo
microtremor HVSR readings taken to estimate depth to bedrock at the drilling
site.

·    The proposed camp location was inspected and found to be appropriate.

·   The nearby Hussar Airstrip was inspected for the required work program
(Minimal grading is anticipated).

·   The Carnegie Station airstrip was inspected as a backup location with
longer dimensions and well-maintained surface conditions.

·   Access routes to allow mobilisation of the drilling rig to site were
inspected and confirmed as appropriate.

·    Refuelling areas for helicopter transport were inspected and agreed
to be appropriate.

 

 

The Company's technical consultants, Aztech Well Construction, continue to
issue RFQs (Requests for Quotation and Supply) in support of the planned
drilling programme, including for casing, wellhead, drilling rigs and service
company support for electric logging, casing running and cementing, drilling
fluid engineering, wellsite geology, mudlogging and gas sampling/laboratory
analysis services.

The team has taken various images during the inspection which have been posted
on the Georgina Energy website for stakeholders to view.

 

The drilling programme, site infrastructure, airstrip and access route civil
works including water-well drilling, required to develop Hussar into a
producing asset, will be funded solely by Harlequin Energy and their partners
in a structured Offtake funding arrangement that is non-dilutive for Georgina
shareholders. Civil engineering for access and site works are anticipated to
commence in Q2 2026.

 

 

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

 

"The Company anticipates drilling of the Hussar prospect re-entry well in Q3,
2026 and is moving ahead with the necessary preparatory planning and civil
engineering works required to enable the testing of this exciting prospect.
With 300 km(2) of areal closure, it is one of the largest subsalt Helium,
Hydrogen and Hydrocarbons prospects in onshore Australia."

 

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

 

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, EP513 Hussar and the
Mt Kitty and Dukas

projects for their potential accumulations.

 

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

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