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Hussar EP513 Drill Pre-Drill Site Works Update
Georgina Energy PLC has provided an update on pre-drill site works for its Q3 Hussar drilling program, confirming operations are proceeding as planned for the EP513 prospect, which is considered one of Australia's largest subsalt Helium, Hydrogen, and Hydrocarbons prospects with 300 km² of areal closure. The company anticipates the Ensign Rig 970 will mobilize for an anticipated spud date in September 2026, targeting primary subsalt reservoir formations for helium, hydrogen, and natural gas. Independent consultants estimate net attributable 2U Prospective Resources of 155 BCFG Helium and 173 BCFG hydrogen with a potential combined in-situ value of US$55 billion, alongside 1.73 TCFG of Natural Gas with a potential in-situ value of US$5.24 billion. Disclaimer*
About this update from Georgina Energy Plc
2nd July 2026 THIS 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 Georgina Energy plc ("Georgina", "Georgina Energy" or the "Company") Hussar EP513 Drill Pre-Drill Site Works Update Georgina Energy Plc, GEX.L is pleased to confirm that contractors and personnel continue onsite undertaking the pre-drill site works required for the Q3 Hussar drilling program. Current operations are proceeding as planned to enable the testing of this exciting prospect, with 300 km² of areal closure and as one of the largest subsalt Helium, Hydrogen and Hydrocarbons prospects in onshore Australia. Highlights · Pre-drill site works continue site at Hussar EP513, with current operations proceeding as planned. · Access, airstrip, water well, drill pad and accommodation pad works are being progressed ahead of rig mobilisation. · Contracted Ensign Rig 970 remains scheduled for mobilisation to site following completion of the current preparatory works, with an anticipated spud date in September 2026. · Hussar will target primary subsalt reservoir formations, including the Townsend Formation and fractured Neoproterozoic basement lithologies, for helium, hydrogen and natural gas. GEX Personnel Inspecting Pre-Drill Site Works The pre-drill site works are essential to be completed to ensure compliance with the Department of Mines, Petroleum and Exploration's approved Well Management Plan lodged by Georgina's wholly owned operating subsidiary Westmarket Oil & Gas Pty Ltd in 2025. The Company's operations and technical consultancy teams have travelled and remain on site to ensure works on the road repairs, airstrip repairs, site access preparation, clear access for the water well drilling, preparation of the drill and accommodation pad are completed. The company is also working with the Traditional Owner's representatives to ensure compliance to its agreements and obligations. Figure 1: The Hussar Wellsite Plan The contracted Ensign Rig 970 remains located in the North Perth Basin before being mobilised to site ...
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