Georgina Energy PLC Provides Update on Helium, Hydrogen, and Natural Resources Projects in Australia
Key Ideas
  • Georgina Energy PLC completed the Environmental Impact Statement (EIS1) for EP513 Hussar prospect but requires a further study due to project area expansion.
  • Site access for surveys is scheduled, with the final report expected by May for EP513 Hussar prospect.
  • Consultants are reprocessing seismic data for EPA155 Mt Winter prospect, with a final assessment report due in April.
  • The company is in talks for additional targets with high concentrations of helium, hydrogen, and hydrocarbons in Australia.
Georgina Energy PLC, listed on LSE as GEX, has issued an operational update on its projects in Australia, focusing on helium, hydrogen, and natural resources. The completion of the Environmental Impact Statement (EIS1) for EP513 Hussar prospect signals progress, despite the need for a further EIS2 study due to the addition of 350 square kilometers to the project area. Site access for necessary surveys is planned for the following week, aiming to submit the final report by May. In parallel, consultants are reprocessing seismic data for EPA155 Mt Winter prospect, with an updated assessment report anticipated in April. The company is actively engaged in discussions regarding additional targets known to harbor significant quantities of helium, hydrogen, and hydrocarbons. Despite weather-related delays, CEO Anthony Hamilton remains optimistic about the expanded opportunities presented by the structural closure at Hussar within the existing Exploration Permit area, expressing dedication to advancing both projects and realizing their full potential.
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