REG - Georgina Energy PLC - HUSSAR EP513 SITE INSPECTION

Georgina EnergyAnnouncement

02/12/2024 07:00

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RNS Number : 2503O  Georgina Energy PLC  02 December 2024

 

2 December 2024

 

Georgina Energy plc

 

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

 

 

HUSSAR EP513 SITE INSPECTION

 

Georgina Energy plc, GEX.L is pleased to provide an update on the successful
completion of a preliminary site inspection at Hussar EP513 completed by the
Company and its consultants.

 

Hussar EP513 Preliminary Site inspection

 

The Company's representatives conducted a site visit to Hussar EP513,
commencing on 18 November 2024. The primary objective of the site visit was to
complete Heritage Monitoring, a flora and fauna survey as part of an
Environmental Impact Study and civil engineering site inspections of access
roads and the airstrip.

 

The reports following the preliminary site visit will be submitted to the
regulators, DEMIRS, in support of the Company's drilling approval application.
All relevant reports will be lodged with DEMIRS within the next 10 days.  The
reports are in addition to revised seismic mapping from reprocessed seismic
data which will also be submitted to DEMIRS as part of the drilling approval
process to re-enter Hussar.

 

Site Visit Results

 

The Company is pleased to report that:

 

·      Access roads, the drilling site and the airstrip remain in good
serviceable condition despite recent heavy rain.

 

·      The on-site water access well was inspected and confirmed to be
serviceable. Additional potable water sources at the Madley 1 wellsite were
identified.

 

·      The Heritage Monitoring and Environmental Impact Study has been
completed by Low Ecological Services and Traditional Owners.

 

·      The Company, and representatives of Aztech Well Construction,
utilised the local facilities at Carnegie Station for accommodation and other
support services, which provides direct access by road to the Hussar permit
area.

 

·      Once commenced, the fully funded re-entry process is expected to
take approximately 50 days.

 

·      The Company has paid the 2024 Annual Compensation permit under
the Land Access Agreement with the Birriliburu Native Title Benefits
Discretionary Trust.

 

·      Photographs taken at Hussar EP513 and other locations attended
during the site visit can be found on the Company's website:
https://www.georginaenergy.com/hussar-ep513-site-visit/
(https://www.georginaenergy.com/hussar-ep513-site-visit/)

 

 

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

"Our preliminary site visit to EP513 was highly successful, with all of our
objectives achieved and multiple successful results. Georgina continues on its
path focused on re-entering Hussar and bringing Mt Winter to pre-drill as part
of our program to develop low-risk helium, hydrogen and natural gas projects
in 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

 

Oak Securities - Joint Broker

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

 

Financial PR
 
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 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.).

 

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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