18th Aug 2025 07:00
18th 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")
HUSSAR EP513 DRILLING APPROVAL UPDATE
Georgina Energy Plc, GEX.L, announces that, following its RNS dated 14th July, it has submitted a revised Environmental Management Plan (EMP) to support the formal approval of its Well Management Plan for drilling activity at Hussar EP513.
HUSSAR EP513 Approval Update
Westmarket Oil & Gas Pty Ltd, a subsidiary of the Company, has been engaged with the Department of Mines, Petroleum and Exploration in Western Australia ("DMPE", formerly "DEMIRS"), in consultation with the Traditional Owners (MNR) and the Central Desert Native Titles Services (CDNTS) to ensure final drilling approval is granted as required pursuant to regulation 13(1)c of the Resource Management and Administration Regulations (RMAR). The Company is confident the DMPE will issue the requested drilling approval in short order.
The process is a significant undertaking by all parties to ensure compliance and involves multiple submissions which are then reviewed by the relevant regulators with any additional information to be submitted on request.
While this process has been lengthy, the ultimate outcome is access to the Hussar wellsite. The initial programme calls for the Company to undertake repairs at the Hussar Airstrip and access roads, and begin to construct drilling and camp location pads together with water wells in preparation for drilling.
Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:
"Georgina's operations team and consultants have worked closely in cooperation with indigenous community representatives over a considerable period to ensure all the required obligations for the granting of the Hussar drilling approval are completed. We appreciate our shareholders' patience in this process as it has been impacted by matters beyond our control such as unforeseen amendments, including an increased resource area, and a once in 80-year flooding weather event."
END
Enquiries | |
Georgina Energy | |
Tony Hamilton | |
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 [email protected] | |
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, subject to completion of the 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
Related Shares:
Georgina Energy