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Hussar EP513 Drill Contract Update
Georgina Energy PLC has provided an update on the Hussar EP513 drill contract, stating that Ensign Energy has until March 18th to respond to a standard contract for the Ensign 970 drilling rig, though Georgina is reviewing other rig options. The company is working with Harlequin Energy and its partners, who will fund the drilling and field development, and remains on track for civil engineering access and site works to commence in Q2 2026, with drill testing anticipated in Q3 2026. Technical consultants are issuing further requests for quotations for various drilling program services, and the company's CEO highlighted the Hussar prospect as one of the largest subsalt Helium, Hydrogen, and Hydrocarbons prospects in onshore Australia. Disclaimer*
About this update from Georgina Energy Plc
[{"type":"text","content":"\n\n12th March 2026\n \nTHIS 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\n \nGeorgina Energy plc\n(\"Georgina\", \"Georgina Energy\" or the \"Company\")\n \nHussar EP513 Drill Contract Update\n \n \nGeorgina Energy Plc, GEX.L provides the following update following meetings with Ensign Energy concerning the supply of its Ensign 970 drilling rig for the Hussar prospect re-entry well in EP513.\n \nHighlights:\n\n\n\n\n\n•\n\n\nGeorgina is in discussions with Ensign Energy regarding its Ensign 970 rig\n ○ Ensign has until 18th March to respond to the standard contract provided\n ○ Georgina continues to review other rig applications\n\n\n\n\n•\n\n\nGeorgina continues to work closely with Harlequin Energy and its partners following signing of off-take agreement\n\n\n\n\n•\n\n\nCompany remains on target for civil engineering access and site works anticipated to commence in Q2, 2026\n\n\n\n\n•\n\n\nThe civil engineering works required to enable the drill testing of this prospect remains on track for Q3, 2026\n\n\n\n\n \nEnsign has until 18th March to respond to the standard contract provided by Aztech/Westmarket Oil & Gas Pty Ltd, while Georgina has other rigs to consider prior to the execution of the contract.\n\nThe Company continues its planning for the water well drilling rig access and a further reconnaissance trip with the proposed contractors for repairs to the access roads and airstrip, which is required to enable rapid mobilisation of the drilling rig and support service companies to site. \n\nThe Company's technical consultant, Aztech Well Construction, continues to issue additional RFQs in support of the planned drilling program including for the casing, wellhead, and service company support for electric logging, casing running and cementing, drilling fluid engineering, wellsite geology, mudlogging and gas sampling/laboratory analysis services.\n\nFollowing the execution of an Off-take Framework Agreement with Harlequin Energy, the Company is working closely with Harlequin and its partners who will provide f...