12th Aug 2026 17:43
Georgina Energy PLC - onshore helium and hydrogen explorer with permits in Australia - Confirms that civil engineering contractors are completing pre-drill site works, including water well drilling and conductor pipe drilling, for its planned Q3 Hussar drilling program. Says this is a key step towards mobilising the contracted Ensign 970 drill rig for "the testing of this exciting prospect, which...is one of the largest subsalt helium, hydrogen and hydrocarbons prospects onshore Australia." Adds that the September spud date for the Hussar well in the third quarter remains on target, and that water well drilling has started to provide the rig water supply. Civil engineers have also advanced site works, including a sump to contain drill cuttings and excess drilling fluid. Company says further updates will follow.
Chief Executive Officer Anthony Hamilton comments: "The progress being made on site is an important step in the mobilisation of the Ensign 970 drill rig and we remain on track for the planned September spud date of this exciting prospect. Hussar is a significant subsalt helium, hydrogen and hydrocarbon prospect, and we look forward to providing further updates as preparations advance."
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12-month change: more than doubled from 5.60p
By Emma Curzon, Alliance News reporter
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