Business
Resource Upgrade EPA155 MT Winter
Resource Upgrade EPA155 MT Winter.
About this update from Georgina Energy Plc
[{"type":"text","content":"\n\n \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 \n8th May 2025\n \nGeorgina Energy plc\n \n(\"Georgina\", \"Georgina Energy\" or the \"Company\")\n \n \nRESOURCE UPGRADE EPA155 MT WINTER\n \nGeorgina Energy plc, GEX.L is pleased to announce a significant resource upgrade at its Mt Winter Prospect (EPA155, Northern Territory). The upgrade follows the successful completion of seismic data reprocessing and re-mapping from the Independent Competent Person, Mr Maki Petkovski. This addendum builds on the CPR of May 23, 2024, published by Al Maynard & Associates, released in the Company's Prospectus (available on the GEX website). The revised estimates take into account Georgina's assumed 75% working interest, based on the Company funding 100% of the planned Mt Winter-1 re-entry program. A copy of the CPR Addendum can be found on Georgina's website here.\n \nHighlights\n \n· 15% increase in net attributable 2U Prospective Recoverable Resources of helium and hydrogen\n· 3% increase in natural gas resources\n· Identification of a new 60km² structural closure, offering future drill target potential\n· Re-entry planned at Mt Winter-1 well, with target depth extended to ~2,900m\n· Exploration permit negotiations progressing; Company to hold 100% interest in EPA155 upon completion\n \n \nResource Upgrade Summary\n \nThe updated seismic mapping and reprocessing has enabled a comprehensive review of the resource potential of the Mt Winter Prospect within EPA155, Northern Territory, resulting in an increase in net attributable 2U Prospective (Recoverable) Resources of 15% of both Helium and Hydrogen and a 3% increase in net attributable 2U Prospective Recoverable) Resources of natural gas. \n \n\nNote: These net attributable resources are calculated at the 75% ownership level.\n \nThe previous CPR reported potential net attributable 2U PRMS...