22 August 2024
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 (the
"Company")
(formerly Mining, Minerals
& Metals plc)
HUSSAR WELL PERMITTING
UPDATE
Further to the Company's
announcement on 19th August and the appointment of
Aztech Well Construction to project manage the well re-entry at
Hussar EP513 in the Officer Basin, Georgina Energy GEX.L, is pleased to announce the
following update on the Hussar Well Re-entry Program.
Aztech brings over 14 years of
experience in well project management and engineering solutions
managing drilling operations across onshore Australia. Notably,
Aztech has drilled over 40 wells in the Perth Basin between 2011
and 2023, demonstrating their deep industry knowledge and
capability.
Permitting Update: Re-entry Hussar EP513 Officer Basin Western
Australia
· Regulatory
Submissions: Georgina's wholly owned
operating subsidiary, Westmarket Oil & Gas Pty Ltd, has lodged
its Notification of Operator, Authorisation Letter, and detailed
work program with the Department of Energy, Mines, Industry
Regulation & Safety (DEMIRS).
· Environmental
Compliance: An independent
environmental consultancy has been engaged to complete required
Environmental Assessments.
· Risk
Management: The Company is
finalising risk assessment and contingency plans to be submitted
with its drilling approval application.
· Site
Preparations: Planning for site
preparation and civil works is well underway.
· Health &
Safety: Aztech is preparing HSEMS
(Health, Safety, and Environmental Management System) submissions
for DEMIRS in support of the re-entry and drilling approval
process.
· Seismic Data
Processing: New, recently available,
seismic data is being analysed to enhance pre-drilling structural
mapping of the Hussar prospect.
Georgina Energy has clearly stated
its aspirations to become a global partner in the Helium and
Hydrogen market and the Hussar Well Re-entry program forms a key
component in realising this vision.
Anthony Hamilton, Chief Executive
Officer of Georgina Energy, commented:
"Georgina Energy remains on track to
obtain its re-entry and drilling approvals from DEMIRS, supporting
our strategy of low-risk well re-development projects in Australia.
These projects focus on unlocking significant prospective resources
of natural gas, hydrogen and helium. The execution of the Aztech
contract and drilling permit for the Hussar project is a crucial
first step to proving our concept."
END
Enquiries
Georgina Energy
Tavira Financial Ltd - Financial
Adviser and Joint Broker
Oak Securities - Joint
Broker
Financial PR via
georginaenergy@apcoworldwide.com
|
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.
The projects benefit from
established infrastructure and a reliable supply chain, offering
significant resource potential through low-risk, cost-effective
drilling projects.
Georgina Energy has two principal
onshore interests held through its wholly owned Australian
subsidiary, Westmarket Oil & Gas. 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. Georgina also has a right to earn an initial 75%
interest (with the potential to extend to 90%) in a second
prospect, EPA155 Mt Winter Prospect, is located in the Amadeus
Basin in the Northern Territory, subject to the granting of the
permit application.
In line with market demand trends,
Georgina Energy is well-positioned to capitalize on the growing gap
between supply and demand for Helium and Hydrogen with the
independently verified prospective recoverable resource potential
of the Hussar and Mt Winter projects.
For more information
visit https://www.georginaenergy.com