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LONDON - Georgina Energy PLC (GEX.L) announced Tuesday it has submitted required documentation to the Central Land Council to finalize an Aboriginal Land Rights Act agreement necessary for the granting of its priority area within EPA155 Mt Winter permit.
The submission includes work programs for well re-entry, concept well designs, access road plans, drilling pad locations, an environmental management plan, and cultural considerations, according to a company press release.
Georgina Energy is advancing its re-entry program timeline following a previously announced agreement to acquire 100% of the Mt Winter tenement from Mosman Oil & Gas, which the company states remains on track for completion.
Beyond the primary Mt Winter 1 well, the company is reviewing two additional wells within EPA155 for "sequential re-entry potential." Recent reprocessing and remapping of existing seismic data has reportedly expanded the resource target area within the permit.
"Following the decision to accelerate the Mt Winter re-entry, we have been working hard in partnership with the CLC and the Traditional Owners to provide all the required documentation for an ALRA agreement," said Anthony Hamilton, Chief Executive Officer of Georgina Energy.
The Mt Winter prospect is located in the Amadeus (BME:AMA) Basin in Australia’s Northern Territory. Georgina Energy also holds interests in the Hussar Prospect in Western Australia’s Officer Basin.
The company aims to develop hydrogen and helium resources at these locations, according to the statement.
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