REG - Georgina Energy PLC - Hussar & Mt Winter – Permit and Project Progress

Georgina EnergyAnnouncement

27/05/2025 08:15

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RNS Number : 2039K  Georgina Energy PLC  27 May 2025

 

27(th) May 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 & Mt Winter - Permit and Project Progress

 

Georgina Energy Plc, GEX.L, a helium, hydrogen and natural resources
development company in Australia, provides the following update on key
workstreams across its Hussar and Mt Winter assets.

 

EP513 Hussar

 

The Company's subsidiary, Westmarket Oil & Gas Pty Ltd ("Westmarket"), has
submitted the following documents with Department of Energy, Mines, Industry
Regulation and Safety ("DEMIRS"):

 

i.    Well Management Plan (WMOG-DR-PL-02)

ii.    Drilling Application (SOP-WLA-0193) and

iii.   Well Activity Application (SOP-WLD-0109).

 

Georgina has also received the Report of Archaeological and Ethnographic Work
Program Survey completed within the revised EP513 Exploration permit area.

 

Permit Status

The revised Environmental Impact Report which incorporates a significantly
larger area, has been completed. Formal notice has been lodged with the
Central Desert Native Title Services, as part of the drilling approval process
for the intention to undertake repairs at the Hussar airstrip and access
roads.

 

The Company is working closely with both DEMIRS and the Traditional Owners to
secure drilling approval and remain confident it will be granted. Detailed
engineering has taken place over the Hussar well re-entry and well development
and a suitable drill rig, Ensign 970 Rig with a 10M BOP system, has been
identified to undertake the drilling program.

 

Seismic Reprocessing

The Company and its consultants, following completion of seismic reprocessing
and remapping, have also identified a secondary target within the significant
expansion of the Hussar structural closure of c.350 km(2), an increase of 50
km(2) in aerial extent than previously mapped and entirely within the EP513
exploration licence.

 

 

EPA155 Mount Winter

 

The Company is currently preparing the preliminary re-entry work program as
part of the Aboriginal Land Rights Act ("ALRA") agreement as the final part of
the process to obtaining ratification of the granting of the selected priority
area of EPA155 from the Northern Territory Minister for the Department of
Mining and Energy.

 

Georgina has advanced the re-entry program timeline following the proposed
acquisition of 100% of Mt Winter which is anticipated to complete in due
course. The increased resource potential of the Mt Winter prospect following
completion of reprocessing and re-mapping of the existing 2D seismic data has
also provided an additional resource target within EPA155.

 

 

Additional Targets

 

The Company is progressing negotiations following the completion of a detailed
review for potential advanced prospects with proven drilled occurrences of gas
with high concentrations of helium, hydrogen and hydrocarbons under relevant
Confidentiality Agreements. These potential targets are slated for re-entry
and development following the completion of developments at Hussar and Mt
Winter. The Company will advise on any substantive progress.

 

 

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

"Georgina continues to be focused 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 and completion of the ALRA agreement with the CLC and the
Traditional Owners.  Concurrently, we have completed the evaluation of
additional re-entry targets which will shape our post-Hussar and Mt Winter
work programme."

 

 

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 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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