REG - Georgina Energy PLC - Revised Resource Upgrade of 37.8% EPA155 Mt Winter

Georgina EnergyAnnouncement

10/07/2025 07:00

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RNS Number : 4416Q  Georgina Energy PLC  10 July 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

 

10(th) July 2025

 

Georgina Energy plc

 

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

 

 

REVISED RESOURCE UPGRADE OF 37.8% EPA155 MT WINTER

 

Georgina Energy plc, (GEX.L) wishes to advise further to its announcement on
7(th) May 2025 that Mr. Maki Petkovski, an independent consultant, has
provided the Company with an Independent Geological Report ("IGR") regarding
the fracture potential of the basement and Heavitree Formation at the Mt
Winter Prospect in EPA155 within the Amadeus Basin, Northern Territory.

 

The resultant increase is 37.8% of net attributable 2U Prospective
(Recoverable) Resources based on 100% ownership of Mt Winter, as defined in
the table below.

 

                                                                                                                     P50/2U  P50/2U   P50/2U   Increase

 Report/Interest                     Reservoir
                                     He (BCF)                                                                                H (BCF)  HC(BCF)  (%)
 25.05.08 CPR Addendum 75% interest  Heavitree Fm primary porosity                                                   127     117      944      -
 Contracted 100% Ownership           Heavitree Fm primary porosity                                                   170     156      1,259
 Contracted 100% Ownership           Heavitree incremental fracture porosity increase                                32      29       234      18.6
 Contracted 100% Ownership           Basement incremental fracture porosity increase                                 33      30       241      19.2
 Contracted 100% Ownership           Cumulative Primary Heavitree Fm porosity, Fractured Heavitree Fm and Fractured  234     214      1,734    37.8
                                     basement porosities

 Note: All increases in PRRs are based on 100% ownership primary porosity
 Heavitree Fm levels.

 

A copy of the full IGR is available on
www.georginaenergy.com/investors/results-reports-presentations/
(http://www.georginaenergy.com/investors/results-reports-presentations/)

 

The previous volumetric assessments of the Mt Winter prospect relied solely on
primary granular porosity estimates of the targeted Heavitree Formation
whereas significant incremental increases in fracture porosity have been
assessed in both the Heavitree. Formation and the prognosed basement
granodiorite.

 

The Resource estimates presented are unrisked and have been determined
utilising the Society of Petroleum Engineers (SPE) Petroleum Resource
Management System (PRMS) guidelines of 2018, with revisions in 2022.Standard
PRMS terminology is utilised in this report, presenting Resource Estimates as
low 1U (P90), 2U for best estimate (P50), and as 3U for high estimate (P10) of
as-yet undiscovered volumes.

 

Globally, fracture porosity petroleum projects are very significant, the
enormous Bach Ho petroleum field in Vietnam for example is hosted by fractured
granodiorite basement similar to that prognosed at the Mt Winter prospect in
the Amadeus basement.

 

The prospectivity of fractured porosity plays in the Amadeus Basin is further
evidenced by the previously short, drilled section of the fractured basement
at Mt Kitty-1 in the Amadeus basin which resulted in significant volumes of
Helium (9%) and Hydrogen (11%) in 2014.

 

General Update

 

The Mt Winter EP155 ownership, originally at a projected 75%, was the subject
of an RNS dated 22(nd) January 2025 which referred to an increase of Company
ownership to 100% on settlement of a Share Purchase Agreement. In addition to
the planned re-entry of Mt Winter 1 two further wells were drilled at EPA155
which are currently being reviewed for their respective sequential re-entry
potential. The Company continues to advance the re-entry program timeline
following the execution of a previously announced agreement for acquisition of
100% of the Mt Winter tenement from Mosman Oil & Gas, which remains on
track for completion.

 

Competent Person Statement

 

The information in this announcement relating to Resource Evaluation is based
on information compiled by Mr. Maki Petkovski is a member of The American
Association of Petroleum Geologists, The European Association of Geoscientists
& Engineers, The Society of Petroleum Engineers, The Australian Society of
Exploration Geophysicists and  The Petroleum Exploration Society of
Australia, and has sufficient experience of petroleum reserves and resources
evaluation under consideration, and to the activity he is undertaking to
qualify as a Competent Person.

 

Mr. Maki Petkovski consents to the inclusion in the report of the matters
based on his information in the form and context in which it appears.

 

 

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

"We are delighted with a 37.8% increase in recoverable resources at Mt Winter,
as it further justifies our hard work in bringing the asset to a pre-drill
stage. Our technical team has been working tirelessly to complete drilling
permitting and tenement applications for the the well re-entry programs for
both Hussar & Mt Winter. The increase (Helium, Hydrogen and natural gas)
to the potentially recoverable resources in our Mt Winter asset is regarded as
a major milestone in our program to re-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
 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 in the Amadeus Basin in the Northern
Territory, subject to the completion of 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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