IN BRIEF: Georgina Energy stock soars as Hussar well funding confirmed
Georgina Energy PLC - London-based onshore helium and hydrogen explorer - Says Harlequin Energy Ltd has confirmed its intention to proceed with funding for the Hussar EP513 prospect, and that it has been provided with the USD25 million structured offtake funding facility to finance the drilling of the Hussar-2 well within the EP513 Lease. Notes that the funding is non-dilutive for Georgina shareholders, enabling gas sales at the wellhead while avoiding significant capital outlay. Additionally, Georgina says it has evaluated the Hussar prospect to determine its potential for fracture porosity enhancement, with a revised estimate of total 2U prospective recoverable resources of 283 billion cubic feet of helium, 315 BCF of hydrogen and 2.9 trillion cubic feet of hydrocarbons, an increase of 30%. Plans to release more detailed results "in due course". Read More