REG - Georgina Energy PLC - OFF-TAKE MOU EXECUTED AND PERMIT UPDATE

Georgina EnergyAnnouncement

28/08/2025 07:45

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RNS Number : 0249X  Georgina Energy PLC  28 August 2025

 

28 August 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")

 

OFF-TAKE MOU EXECUTED AND PERMIT UPDATE

 

Georgina Energy Plc (GEX.L), a helium, hydrogen and natural resources
development company in Australia, announces it has today executed a Memorandum
of Understanding ("MOU") for an Off-take agreement with Halo Capital
Investments Ltd ("Halo" or the "Off-taker") relating to its Hussar and Mt
Winter projects.

 

Halo's management team brings extensive experience in growing and managing
global energy businesses, including major gas developments. Halo is supported
by established capital from family offices and fund investors supporting
companies operating in highly regulated energy markets.

 

The agreement grants Halo a 12-month non-exclusive option to acquire the
rights to 100% of helium, hydrogen and natural gas produced from Georgina's
current projects and any future projects.

 

The agreement will enable Westmarket Oil & Gas to sell the gas at the
wellhead in its raw state, subject to a formal contract on commercial terms,
thereby minimising the Company's exposure to costly capital infrastructure.

 

Key highlights:

 

·      Westmarket Oil & Gas Pty Ltd is able to sell gas at the
wellhead in its raw state

·      The Off-taker will be solely responsible for the processing
facilities, including separation units for helium, hydrogen and cryogenic
purification systems, at its own expense

·      Georgina's sunk costs will be recovered

·      Pre-pay financing and optional funding to accelerate development
will be available

·      The option will become exclusive upon the Off-taker providing
proof of funds and execution of a formal contract

·      The Off-taker will be solely responsible for storage, transport,
export, trucking helium to Darwin, and converting ammonia to hydrogen

·      Westmarket Oil & Gas must deliver completed flow tests
identifying volumes and composition of the gas reserves

·      Following receipt of flow tests, the Off-taker will conduct a
detailed review and assessment to finalise commercial terms

 

Permit Approval Update: Westmarket Oil & Gas has received formal
notification from the regulator, the Department of Mining, Petroleum and
Exploration ("DMPE"), that all lodgement requirements for Hussar EP513 have
been completed and accepted. The Company is now awaiting final drilling
approval from the DMPE. Once granted, work will commence on the access to the
Hussar well site to undertake repairs at the Hussar Airstrip and access road,
as well as the construction of drilling, camp location pads and water wells.

 

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

 

"Georgina now has two off-take agreements in place, which provide a clear step
towards commercialisation of the Company's assets and further support of its
wellhead sales strategy. With the imminent granting of the Hussar drilling
permit and the completion of the 100% acquisition of the Mt Winter project,
the Company is in a strong position for future growth."

 

 

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
 Oliver Stansfield

 

Oak Securities - Joint Broker

 Jerry Keen       +44 (0)203 973 3678
 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, 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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