Business
Operational Update
Georgina Energy PLC provided an operational update detailing progress on its Hussar EP513 drill program, with negotiations underway with Harlequin Energy for wellhead off-take funding and a potential Joint Operating Agreement. The company is also advancing the 100% acquisition of the Mt Winter EP155 asset, awaiting Central Land Council approval for the ALRA agreement, and is seeking funding for its re-entry program. Furthermore, Georgina Energy is preparing a Prospectus for the FCA regarding the acquisition of three advanced re-entry projects from Central Petroleum, including Mt Kitty, which flowed 500,000 standard cubic feet per day with 9% Helium and 11% Hydrogen, including "3He". Disclaimer*
About this update from Georgina Energy Plc
[{"type":"text","content":"\n\n \n9th December 2025\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 \n Operational Update\n \n \nGeorgina Energy Plc, GEX.L provides the following update for the approved drill program at Hussar EP513 and progression of the Mt Winter and Central Petroleum (\"CTP\") asset acquisitions.\n \nHUSSAR EP513: The Company is completing negotiations with Harlequin Energy, a preferred wellhead off taker, to fund the drilling program approved by the DMPE which will include entering into a Joint Operating Agreement (\"JOA\") for the drilling of the well, including logistics, planning and all site works.\n \nHarlequin have advised they have access to a drill rig located in Western Australia, which will be subject to review by Georgina. The Company continues to prepare logistics for repairs at the airstrip, access roads, planning of the drill pad and site locations for the drilling rig and crew along with other critical elements of operational planning.\n \nMT Winter EP155: The Company has been advised by its indigenous consultant of continued progress for the release of the ALRA agreement from the Central Land Council (\"CLC\"), which will facilitate completion of the 100% acquisition. Planning remains well advanced with the prospect re-entry program having been submitted. The Company is also in discussions with multiple parties to provide funding for the re-entry under an offtake funding agreement.\n \nCentral Petroleum Acquisition: The Company is working with its advisers to prepare the Prospectus for approval by the FCA. The three advanced re-entry projects Mt Kitty, Dukas and Magee/Mahler are complementary to Georgina's existing current Mt Winter and Hussar assets. Mt Kitty in particular flowed to surface 500,000 standard cubic feet per day (SCFGD) with a significant concentration of 9% Helium and 11% Hydrogen, including the presence of \"3He\" (Helium Isotope 3). The planned re-entry and 500 metre horizontal section at Mt Kitty is expected to significantly increase both the previous flow rate an...