28th Aug 2025 07:44
28 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")
OFF-TAKE MOU EXECUTED AND PERMIT UPDATE
Georgina Energy Plc (GEX.L), a helium, hydrogen and natural resources development company in Australia, announces it has today executed a Memorandum of Understanding ("MOU") for an Off-take agreement with Halo Capital Investments Ltd ("Halo" or the "Off-taker") relating to its Hussar and Mt Winter projects.
Halo's management team brings extensive experience in growing and managing global energy businesses, including major gas developments. Halo is supported by established capital from family offices and fund investors supporting companies operating in highly regulated energy markets.
The agreement grants Halo a 12-month non-exclusive option to acquire the rights to 100% of helium, hydrogen and natural gas produced from Georgina's current projects and any future projects.
The agreement will enable Westmarket Oil & Gas to sell the gas at the wellhead in its raw state, subject to a formal contract on commercial terms, thereby minimising the Company's exposure to costly capital infrastructure.
Key highlights:
· Westmarket Oil & Gas Pty Ltd is able to sell gas at the wellhead in its raw state
· The Off-taker will be solely responsible for the processing facilities, including separation units for helium, hydrogen and cryogenic purification systems, at its own expense
· Georgina's sunk costs will be recovered
· Pre-pay financing and optional funding to accelerate development will be available
· The option will become exclusive upon the Off-taker providing proof of funds and execution of a formal contract
· The Off-taker will be solely responsible for storage, transport, export, trucking helium to Darwin, and converting ammonia to hydrogen
· Westmarket Oil & Gas must deliver completed flow tests identifying volumes and composition of the gas reserves
· Following receipt of flow tests, the Off-taker will conduct a detailed review and assessment to finalise commercial terms
Permit Approval Update: Westmarket Oil & Gas has received formal notification from the regulator, the Department of Mining, Petroleum and Exploration ("DMPE"), that all lodgement requirements for Hussar EP513 have been completed and accepted. The Company is now awaiting final drilling approval from the DMPE. Once granted, work will commence on the access to the Hussar well site to undertake repairs at the Hussar Airstrip and access road, as well as the construction of drilling, camp location pads and water wells.
Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:
"Georgina now has two off-take agreements in place, which provide a clear step towards commercialisation of the Company's assets and further support of its wellhead sales strategy. With the imminent granting of the Hussar drilling permit and the completion of the 100% acquisition of the Mt Winter project, the Company is in a strong position for future growth."
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
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Georgina Energy