Business
Hussar EP513 Site Inspection
Georgina Energy PLC has completed a site inspection at the Hussar drilling site EP513, confirming the suitability of the proposed wellsite layout and access routes for drilling operations, which are anticipated to commence in Q3 2026. The company is negotiating cost-sharing for access roads and water well drilling with another operator. Civil engineering works are expected to begin in Q2 2026, funded non-dilutively by Harlequin Energy and partners. The Hussar prospect targets the Townsend Formation and fractured Neoproterozoic basement, with a significant areal closure of 300 km². Disclaimer*
About this update from Georgina Energy Plc
[{"type":"text","content":"\n\n17th February 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 Site Inspection\n \n \nGeorgina Energy Plc, GEX.L is pleased to provide the following update on the recent site visit to the Hussar drilling site EP513.\n \n\n \nThe Company's representatives and technical consultancy team travelled to the Hussar prospect re-entry site on 12th February 2026 to undertake detailed inspections and evaluate the work required for drilling and camp pads, access routes, water well drilling, airstrip remediation and to investigate a back-up or secondary reserve airstrip at Carnegie Station.\n \nThe programme is intended to ensure that required work will be successfully completed to enable rapid mobilisation of the drilling rig to site to commence drilling on schedule.\n \nAt Hussar, the two main subsalt reservoir targets are the Townsend Formation and the fractured Neoproterozoic basement lithologies. \n \nThe final agreed site layout was fully inspected in compliance with the Well Management Programme (\"WMP\") submitted to Department of Mines, Petroleum and Exploration (\"DMPE\") for the site civil works plan (below), and subsequently confirmed to be fit for purpose. The Company is negotiating with another operator in the district to share the costs of part of the access road and drilling of the required on-site water well.\n \n \n\nThe Proposed Wellsite Plan\n \n \nThe Company's representatives and consultants undertook the following whilst on site:\n \n· Drill pad site dimensions were confirmed in accordance with the Wellsite Plan.\n· Water well location and access roads for clearing approved.\n· Previous Seismic lines were inspected and Geobit Instruments SmartSolo microtremor HVSR readings taken to estimate depth to bedrock at the drilling site.\n· The proposed camp location was inspected and found to be appropriate.\n· The nearby Hussar Airstrip was inspected for t...