14th 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 WELL MANAGEMENT PLAN APPROVAL
Georgina Energy Plc, GEX.L wishes to advise the Company's subsidiary, Westmarket Oil & Gas Pty Ltd ("Westmarket"), has received formal approval of its Well Management Plan for drilling activity at Hussar from the Western Australian Department of Mines, Petroleum and Exploration ("DMPE") - formerly the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS).
The approval from the DMPE for the submitted Well Management Plan for Hussar (WMOG-DR-PL-02 Rev2) covering the proposed drilling, well suspension or plug and abandonment and care and maintenance activities, is subject to the following conditions:
· the exploration and recovery of Helium is permitted only when it occurs as a mixture with hydrocarbons
· Westmarket must provide evidence of valid insurance cover for the drilling activity prior to the spudding of the Hussar-2 well
Final Drilling Approval: Once Westmarket has received approval for the final expanded environmental management plans, and the final approval is granted as required under legislation pursuant to regulation 13(1)c of the RMAR (Resource Management and Administration Regulations), DMPE will issue the drilling approval.
For the avoidance of doubt, preparation of, and access to, the Hussar Well site cannot be undertaken until final expanded environmental management plans are approved as part of the drill approval. The Company will then undertake repairs at the Hussar airstrip and access roads, and begin to construct drilling and camp location pads, as well as water wells.
Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:
"Georgina's operations team has worked on all the required obligations for the Hussar drilling permit approval in cooperation with the indigenous community representatives. We await approval for our extended environmental plan, and look forward to receiving the final drilling approval once all obligations and approvals have been obtained."
END
Enquiries
Georgina Energy
| Tony Hamilton |
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| Mark Wallace
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Tavira Financial Ltd - Financial Adviser and Joint Broker
| Jonathan Evans |
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| Oliver Stansfield |
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Oak Securities - Joint Broker
| Jerry Keen |
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| Henry Clarke |
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| Dillon Anadkat |
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Financial PR via georginaenergy@apcoworldwide.com
| Violet Wilson |
+44 (0)203 757 4980 |
| Letaba Rimell |
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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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