REG - Mining, Minerals&Mtl - HUSSAR WELL PERMITTING UPDATE

Georgina EnergyAnnouncement

22/08/2024 07:17

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RNS Number : 3385B  Mining, Minerals & Metals PLC  22 August 2024

 

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 19(th) 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

 Tony Hamilton  via georginaenergy@apcoworldwide.com (about%3Ablank)
 Mark Wallace

Tavira Financial Ltd - Financial Adviser and Joint Broker

 Jonathan Evans     +44 (0)20 3833 3719 (about%3Ablank)
 Oliver Stansfield

 

Oak Securities - Joint Broker

 Jerry Keen       +44 (0)203 973 3678 (about%3Ablank)
 Henry Clarke
 Dillon Anadkat

 

Financial PR via georginaenergy@apcoworldwide.com (about%3Ablank)

 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
(https://www.georginaenergy.com/)

 

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