18th Aug 2026 15:22
(Alliance News) - Georgina Energy PLC shares jumped on Tuesday after the company reported completion of a water well as part of its drilling project Hussar in Western Australia.
Georgina Energy shares were up 7.2% on Tuesday afternoon in London, at 15.49 pence.
The helium, hydrogen and natural gas exploration and development company said civil engineers on site have completed the water well and will be soon start setting the conductor pipe. Drilling remains on schedule to begin in September 2026.
Chief Executive Officer Anthony Hamilton said: "Completion of the water well on site is crucial to our planned drilling operation; the operation requires a reliable and significant water supply which we now have in place. This represents another important achievement in the necessary works to expedite mobilisation of the Ensign 970 drill rig to drill test this exciting prospect in September 2026."
By Camilla Borri, Alliance News reporter
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