Georgina Energy advances on key Australian projects

AUSTRALIA - Georgina Energy Plc (LSE:GEX.L), an Australian helium and hydrogen development company, has announced progress on its primary assets, the Hussar and Mt Winter projects. The company has completed necessary documentation for drilling approvals and has identified new targets following seismic reprocessing.

At the Hussar project, Georgina’s subsidiary Westmarket Oil & Gas Pty Ltd has submitted a Well Management Plan, Drilling Application, and Well Activity Application to the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS). The company has also received an archaeological and ethnographic survey report within the revised EP513 exploration permit area.

The Environmental Impact Report has been expanded and submitted to the Central Desert Native Title Services, which is part of the approval process for drilling, including repairs at the Hussar airstrip and access roads. Georgina is collaborating with DEMIRS and Traditional Owners to secure drilling approval and has identified a suitable drill rig for its program.

The seismic reprocessing at Hussar has revealed a secondary target within the expanded structural closure, which is now 350 square kilometers, 50 square kilometers larger than previously mapped.

Regarding the Mt Winter project, Georgina is finalizing the re-entry work program under the Aboriginal Land Rights Act (ALRA) agreement, which is the final step before ratification by the Northern Territory Minister for the Department of Mining and Energy. The company’s timeline for re-entry has accelerated following the proposed acquisition of 100% of Mt Winter. Reprocessing of existing 2D seismic data has also identified an additional resource target within EPA155.

Georgina is also negotiating potential advanced prospects with proven gas occurrences, including helium and hydrogen, under confidentiality agreements. These targets are intended for development after the completion of the Hussar and Mt Winter projects.

CEO Anthony Hamilton expressed the company’s focus on fulfilling obligations for the Hussar drilling permit and finalizing the Mt Winter acquisition. Georgina is also preparing for the re-entry plans for Mt Winter and completing the ALRA agreement with the Central Land Council (CLC) and Traditional Owners.

The company’s progress is based on a press release statement and aims to become a leading player in the global energy market, focusing on helium and hydrogen production to meet increasing demand.

Georgina Energy’s strategic approach is to leverage its expertise and capitalize on opportunities in these critical energy sectors through its wholly owned subsidiary, Westmarket Oil & Gas, which holds interests in the Hussar and Mt Winter prospects.

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