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CONTRACT SIGNED FOR HUSSAR WELL RE-ENTRY
CONTRACT SIGNED FOR HUSSAR WELL RE-ENTRY.
About this update from Georgina Energy Plc
[{"type":"text","content":"\n\n \n19 August 2024\n \n \nMining, Minerals & Metals plc (to be re-named Georgina Energy Plc)\n \n(\"Georgina\" \"Georgina Energy\" or the \"Company\")\n \nCONTRACT SIGNED FOR HUSSAR WELL RE-ENTRY\n \nMining Minerals & Metals plc (to be re-named Georgina Energy Plc) GEX.L is pleased to announce the following Well Re-development Program.\n \nThe Company has engaged Aztech Well Construction to project manage the well re-entry at Hussar EP513 in the Officer Basin. Aztech is highly experienced at providing well project management and engineering solutions with over 14 years of experience managing drilling operations in onshore Australia having drilled over 40 wells in the Perth Basin between 2011 and 2023.\n \nRe-entry Hussar EP513 Officer Basin Western Australia\n \n· Westmarket Oil & Gas Pty Ltd, Georgina Energy's wholly owned operating subsidiary is anticipating the well re- entry program commencing in December 2024, subject the granting of a Drilling Permit from DEMIRS.\n\n· The company plans to extend the original well drilled in 1982 to 2040m TD to 3400m to penetrate the subsalt Townsend Formation, the subsalt target reservoir which has been independently assessed to host large volumes of Helium, Hydrogen and gaseous hydrocarbon prospective recoverable resources.\n\n· Previous exploration wells drilled in the 1980's in the Officer Basin targeted oil and did not penetrate the now targeted subsalt Townsend Formation; the basal sandstone of the Officer Basin which is the lateral equivalent to the Helium, Hydrogen and gaseous hydrocarbon bearing Heavitree Formation in the Amadeus Basin; both basins being sub-basins of the Neoproterozoic Centralian Superbasin.\n\n· The Company is currently completing the required process for engineering design, HSE and environmental approvals as well as meeting its obligations under the Native Title Land Access agreement.\n\n· The re-grading of the immediately adjacent airstrip along with site preparations is proceeding as planned.\n\n· The Company and its consultants have also determined that the Hussar 1 wellhead top plate has an inspection valve fitted which will be inspected by Aztech for any possible pressure buildup pr...