7th Jul 2025 07:00
07 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
Georgina Energy plc
("Georgina", "Georgina Energy" or the "Company")
Hussar EP513 Update
Georgina Energy Plc, GEX.L wishes to provide the following drilling approval update.
EP513 Hussar
Drilling Approval: The Company's subsidiary, Westmarket Oil & Gas Pty Ltd ("Westmarket"), has received the following approvals from the Department of Energy, Mines, Industry Regulation and Safety ("DEMIRS"):
· Application STP-EPS-0482 for Suspension and Extension has been approved as per section 97 of PGERA67
· Application STP-EPV-0202 permit year 2 variation to minimum work program has been approved as per section 97 of PGERA67
The Company has also received a formal request from DEMIRS to provide further information for the Hussar Well Management Plan in support of its drilling approval application within the expanded EP513 target area. Georgina anticipates providing the requested additional information shortly which includes the casing design and program as well as the management of any formation materials brought to the surface from drilling, well testing or production. The Company has completed all the required reports and proposed development documentation, which is currently under review by the relevant regulatory authorities as part of the permit approval process.
Permit Status: Westmarket Oil & Gas anticipates that once the further information has been provided and assessed then pursuant to regulation 13(1)c of the RMAR (Resource Management and Administration Regulations) DEMIRS will issue the requested drilling approval. Once approval has been granted, the Company will undertake repairs at the Hussar airstrip, access roads and begin to construct drilling and camp location pads together with water wells.
Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:
"Georgina continues to focus on multiple workstreams to fulfil obligations for the Hussar drilling permit approval and completion of the Mt Winter acquisition along with implementing preparation of the re-entry plans for Mt Winter. Concurrently, we have continued negotiations for the additional re-entry targets with further announcements to follow."
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, which Georgina Energy will hold a 100% working interest on completion of the purchase agreement with Mosman Oil & Gas.
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
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Georgina Energy