REG - Georgina Energy PLC - Hussar EP513 Update

Georgina EnergyAnnouncement

07/07/2025 07:00

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RNS Number : 9672P  Georgina Energy PLC  07 July 2025

 

07 July 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")

 

 Hussar EP513 Update

 

Georgina Energy Plc, GEX.L wishes to provide the following drilling approval
update.

 

 

EP513 Hussar

 

Drilling Approval: The Company's subsidiary, Westmarket Oil & Gas Pty Ltd
("Westmarket"), has received the following approvals from the Department of
Energy, Mines, Industry Regulation and Safety ("DEMIRS"):

 

 

·      Application STP-EPS-0482 for Suspension and Extension has been
approved as per section 97 of PGERA67

·      Application STP-EPV-0202 permit year 2 variation to minimum
work program has been approved as per section 97 of PGERA67

 

 

The Company has also received a formal request from DEMIRS to provide further
information for the Hussar Well Management Plan in support of its drilling
approval application within the expanded EP513 target area. Georgina
anticipates providing the requested additional information shortly which
includes the casing design and program as well as the management of any
formation materials brought to the surface from drilling, well testing or
production. The Company has completed all the required reports and proposed
development documentation, which is currently under review by the relevant
regulatory authorities as part of the permit approval process.

 

Permit Status: Westmarket Oil & Gas anticipates that once the further
information has been provided and assessed then pursuant to regulation 13(1)c
of the RMAR (Resource Management and Administration Regulations) DEMIRS will
issue the requested drilling approval. Once approval has been granted, the
Company will undertake repairs at the Hussar airstrip, access roads and begin
to construct drilling and camp location pads together with water wells.

 

 

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

 

"Georgina continues to focus on multiple workstreams to fulfil obligations for
the Hussar drilling permit approval and completion of the Mt Winter
acquisition along with implementing preparation of the re-entry plans for Mt
Winter. Concurrently, we have continued negotiations for the additional
re-entry targets with further announcements to follow."

 

 

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, which Georgina Energy will hold a 100% working interest on
completion of the purchase agreement with Mosman Oil & Gas.

 

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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