22nd
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
("Georgina", "Georgina Energy" or the "Company")
Hussar EP513 Environmental Plan APPROVAL
HUSSAR EP513 EMP Approval: The Company's subsidiary,
The approval from the
This is the final step required ahead of Drilling Approval for the Hussar well, which will allow the Company to commence repairs at the airstrip, access roads and preparation of the drill pad and site locations for the drilling rig and drill crew. All parties will be contracted to affect the drilling and deepening of the well to the main target zone, the Townsend Formation and to test the secondary target zone of fractured basement reservoir.
Under the current Petroleum and Geothermal Energy Resources act (1967):
The exploration and recovery of Helium is permitted only when it occurs as a mixture with hydrocarbon.
"Georgina's operations team has worked tirelessly to overcome numerous obstacles since
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Enquiries
Georgina Energy
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Financial PR via georginaenergy@apcoworldwide.com
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+44 (0)203 757 4980 |
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Letaba Rimell |
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Notes to Editors
Georgina Energy aims to become a leading player in the global energy market and is focused on establishing itself among the top producers of helium and hydrogen worldwide. With a strategic approach and leveraging the experienced management team's expertise, Georgina Energy aims to capitalize on opportunities in these critical energy sectors.
Georgina Energy has two principal onshore interests held through its wholly owned Australian subsidiary, Westmarket O&G. The first, the Hussar Prospect is located in the
In line with market demand trends, Georgina Energy is well-positioned to capitalize on the growing gap between supply and demand for hydrogen and helium with the resource potential of EPA155 Mt Winter and EP513 Hussar projects for their potential accumulations.
For more information visit https://www.georginaenergy.com
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