20 February 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")
Contract of Sale Executed for
EPA155 Mt Winter
Georgina Energy Plc, GEX.L, a helium, hydrogen and natural
resources development company in Australia, is pleased to announce
that it has now executed the Share Sale Agreement to acquire 100%
of the issued capital of Oilco Pty Ltd which holds the permit
EPA155 (Mt Winter).
The Company has paid the A$50,000
deposit to Mosman Oil & Gas ("Mosman") and has executed the
confidentiality agreements necessary to complete the "ALRA"
(Aboriginal Land Rights Agreement) to be lodged with the Northern
Territory Department of Mining and Energy ("DME") under the
Petroleum Act 1984 (NT) to secure the granting of the exploration
permit.
Upon the grant of EP155 by the DME,
Westmarket Oil & Gas Pty Ltd, a subsidiary of the Company, will
pay Mosman the balance of AU$300,000 from current cash reserves to
complete the acquisition.
Mount Winter Update
The Company has engaged consultants
to reprocess the seismic dataset and interpret all relevant
horizons and basement details, which includes updating volumetric
details and remapping the area. The Company will then submit a
drilling approval application for the Mt Winter 1
re-entry.
Hussar Update
The Company is planning to complete
the Environmental Impact Study 2 ("EIS2") required by DEMIRS to
obtain drilling approval at the Hussar prospect in the Western
Australian Officer Basin, where the Company is targeting the 350
km2 area for helium, hydrogen and natural gas. Cyclonic
weather conditions with heavy rain and flooding continue to create
delays in gaining safe access to site which has impacted the
completion of EIS2.
Anthony Hamilton, Chief Executive Officer of Georgina Energy,
commented:
"The execution of the share sale agreement to acquire 100% of
the revised Mt Winter exploration permit has significant potential
benefits to the Company. This deal further strengthens
Georgina's portfolio and increases the potential shareholder value
from this asset."
END
Enquiries
Georgina Energy
Tony Hamilton
via georginaenergy@apcoworldwide.com
Mark
Wallace
Tavira Financial Ltd - Financial Adviser and Joint
Broker
Jonathan
Evans
+44 (0)20 3833 3719
Oliver Stansfield
Oak
Securities - Joint Broker
Jerry
Keen
+44 (0)203 973 3678
Henry Clarke
Dillon Anadkat
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.
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, subject to the
completion of the Contract of Sale anticipates the permit being
granted within the next 3 months. Mt Winter is located in the
Amadeus Basin in the Northern Territory, which Georgina Energy via
Westmarket Oil & Gas Pty Ltd will hold a 100% working
interest.
For more information visit
https://www.georginaenergy.com
