REG - Georgina Energy PLC - OFFTAKE PROPOSAL & Helium-3 POTENTIAL

Georgina EnergyAnnouncement

26/08/2025 07:02

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RNS Number : 6510W  Georgina Energy PLC  26 August 2025

 

26(th) 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")

 

OFFTAKE PROPOSAL & Helium-3 POTENTIAL

 

Georgina Energy Plc, GEX.L, a helium, hydrogen and natural resources
development company in Australia, has received an additional expression of
interest for offtake and wishes to provide the following update.

 

Highlights

·      Additional expression of interest received for a potential
offtake agreement, including pre-pay financing options

·      Proposed structure supports sale at wellhead, with the offtaker
funding downstream processing facilities

·      Sunk Cost Recovery of Georgina's prior investment

·      High-grade helium confirmed in Amadeus Basin; historical reports
indicate potential for rare, high-value Helium-3 (³He)

·      ³He pricing quoted in 2024 exceeded US$70M per mcf, ~140,000x
the value of ⁴He

 

 

Offtake Proposal

 

The Company has received an additional expression of interest for an offtake
agreement and is currently reviewing the proposed offer and terms, including
proof of funding.

 

The proposed offtake agreement would include the sale of helium, hydrogen and
natural gas in the form of Liquid Natural Gas (LNG), with the Company's wholly
owned subsidiary, Westmarket Oil & Gas selling raw gas at the wellhead to
an off-taker. The offtaker would be responsible for capital outlay for
downstream processing facilities, including the separation units, PSA systems
for helium/hydrogen separation and cryogenic systems for purification.

 

Importantly, the off-taker has also indicated the availability of pre-pay
financing to accelerate development. Negotiations are ongoing, and the Company
will advise on any successful outcomes.

Helium-3 potential in the Amadeus Basin

Georgina's two major re-entry projects, Hussar in the Officer Basin (Western
Australia) and Mt Winter in the Amadeus Basin (Northern Territory), are
focused on the re-entry and testing of a combined independently assessed SPE
PRMS 2U/ P50 Prospective Recoverable Resources of 430 BCF helium, 432 BCF
hydrogen and 3,764 BCF of hydrocarbons (at 100% ownership level).

In response to recent investor queries regarding the potential presence of
Helium-3 (³He) at Mt Winter and Hussar, the Company confirms that consultants
have previously identified drilled evidence of exceptionally high grades of
helium (ranging up to 9% helium) in the subsalt zones of the Amadeus Basin.
While this is predominantly the more common Helium-4 isotope variation,
previous reporting by the Australian Petroleum Producers Association (now the
Australian Energy Producers) also documents the occurrence of the much rarer
and highly valuable Helium-3 isotopic variation(³He).

³He is exceptionally rare and is thought to originate deep within the Earth's
mantle, migrating up fault and fracture systems into crustal reservoirs where
it can be found in trace amounts mixed with ⁴He.

The projected usage of ³He includes nuclear fusion for clean energy, quantum
computing, cryogenics, medical imaging, and nuclear monitoring. Due to its
scarcity, ³He commands significantly higher prices compared to ⁴He, with
Gold Hydrogen Limited ("GHY") quoting pricing in 2024 in excess of US$70
million/mcf-approximately 140,000 times the price of the ⁴He helium isotope.

Notably, reported ³He concentrations of up to 901 ppt (parts per trillion) in
GHY's Ramsay-2 well in South Australia are considered significant. However,
gas analyses from the Amadeus Basin show ³He levels of up to 1,100 ppt, as
reported by Dr Chris Boreham in "Helium in the Australian Liquefied Gas
Economy" (APPEA Journal, Jan 2018 p.219) - approximately 22% higher than the
maximum concentrations reported in GHY's South Australian project.

 

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

 

"To be in receipt of further offtake interest adds strength our position as we
continue to derisk Georgina's key projects. The terms of the proposed
agreement are very encouraging and align with our scoping study
recommendations and wellhead sales strategy.

 

In addition, the potential for high levels of Helium-3 reported by Australian
Energy Producers in the Amadeus Basin underscores the strategic importance of
our planned re-development programme and may represent an opportunity for
further value creation, with the possibility of an additional income stream
subject to the success of planned flow testing."

 

 

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, 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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