Stock market today: S&P 500 hits fresh record close on stronger economic growth
LONDON - Georgina Energy PLC announced today that the publication of its Audited Annual Report and Financial Statements for the year ended January 31, 2025, is facing delays. The company’s newly appointed auditors, PKF, have indicated that the audit will likely be completed by June 30, 2025. The delay is due to the auditors’ need to familiarize themselves with Georgina Energy as a new client, particularly following the complexities introduced by the company’s reverse takeover and listing in July 2024.
Given that the 2025 Annual Report may not be published by the May 31 deadline set by DTR 4.1.3R of the Financial Conduct Authority (FCA), Georgina Energy is considering requesting a temporary suspension of its listing on the Official List and the Main Market of the London Stock Exchange (LON:LSEG). The company plans to make a further announcement regarding this matter.
This delay comes as the energy firm is positioning itself to become a significant player in the global energy market, focusing on the production of helium and hydrogen. Georgina Energy, through its wholly owned Australian subsidiary Westmarket O&G, holds interests in two principal onshore projects. The first is the Hussar Prospect in Western Australia, and the second is the EPA155 Mt Winter Prospect in the Northern Territory.
The potential of these projects is aligned with the increasing market demand for hydrogen and helium, which is facing a widening gap between supply and demand. Georgina Energy’s strategy is to leverage these assets to establish a strong presence in these critical energy sectors.
The information regarding Georgina Energy’s audit delay and potential listing suspension is based on a press release statement. The company has not yet published its annual report and is in the process of resolving the audit’s completion with its auditors. Further updates are expected to be provided by the company in due course.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.