REG - Georgina Energy PLC - Hussar EP513 Drill Operations Site Inspection

Georgina EnergyAnnouncement

05/02/2026 07:02

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RNS Number : 7873R  Georgina Energy PLC  05 February 2026

 

5th 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 Drill Operations Site Inspection

 

 

Georgina Energy Plc, GEX.L provides the following update on drilling at Hussar
EP513.

 

The Company's technical consultant Aztech has commenced the program to issue
RFQs (Requests for Quotation and Supply) in support of the planned drilling
program. Preliminary indications are that the  Explorer Rig is appropriate in
specifications to complete the drilling program and is potentially available
subject to final confirmation by 25(th) February.

 

The Company's representatives and technical consultancy team will be
travelling to site on 12(th) February 2026 to undertake detailed inspections
and evaluate planned work programs designed to ensure that the drilling of the
Hussar well can commence promptly following the necessary site and access
works inclusive of repairs to the airstrip, access roads and preparation of
the drill pad and accommodation pad.

 

These works will facilitate the coordinated and successful completion of
drilling to test the main targeted reservoirs, ie the subsalt Townsend
Formation and fractured basement lithologies. The team will be inspecting and
taking images of the various sites as indicated on the map below. Following
completion of these site inspections, selected images will be posted on the
Georgina website for shareholders to view.

 

The Operating Agreement governing the drilling program for Hussar will see
Harlequin, Schlumberger and Aztech Well Construction plan all site activities
in line with the Government (DMPE) approved Well Management Plan (WMP) lodged
by Georgina in 2025.

 

The drilling program and site infrastructure works required to develop Hussar
into a producing asset will be funded solely by Harlequin and their partners
in a structured Offtake funding arrangement that is non-dilutive for Georgina
shareholders.

 

 

 

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

 

"We're pleased to be progressing rig selection for drilling and will be
conducting a site inspection from 12(th) February. The site and access works
planned are designed to best prepare us for drilling in Q3, 2026. Georgina and
Harlequin have worked hard to structure this agreement to minimise exposure to
significant capital outlay and therefore reduce dilution risk for
shareholders."

 

 

Drilling Program

 

·      The initial program is outlined below:

 

 Completion Date  Activity
 Q1 2026          Order long lead items such as wellhead/casing

                  Tender & contract drilling rig (currently 4 appropriate rigs available)
 Q2 2026          Water bore(s) drilling and installation on site

                  Surface conductor pipe installation comprising the first section of drill
                  casing

                  Service company tender & contract; includes cementing, mud logging,
                  e-logging, WSG, testing contractors

                  Expand site/access roads, airstrip, drilling pad works. Inspection, planning
                  and costing already completed

                  Finalise the engineering and well design in conjunction with the drill
                  contractor

                  Mobilise drilling rig to site and all relevant service companies

 

 

 

 

 

 

 

 

 

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 and EP513 Hussar
projects for their potential accumulations.

 

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

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