Georgina Energy Boosts Resource Estimates for Hussar Helium and Hydrogen Project in Western Australia
Key Ideas
  • Hussar project's prospective recoverable resources increase by around 20% with 185 billion cubic feet of helium and 205 billion cubic feet of hydrogen.
  • The upgraded estimates are based on new seismic data confirming a substantial pre-salt structure covering 300 square kilometers in the Townsend Formation.
  • Georgina plans to re-enter the Hussar 1 Well in November, extending it to a target depth of 3,200 meters to reach Townsend.
  • The company is working towards obtaining drilling approvals and aims for a positive outcome with their low-risk projects in Australia.
Georgina Energy PLC has announced an upgraded resource estimate for the Hussar helium and hydrogen project in Western Australia's Officer Basin. The new estimates reveal a 20% increase in prospective recoverable resources, including 185 billion cubic feet of helium and 205 billion cubic feet of hydrogen. This upgrade is a result of new seismic data confirming a substantial pre-salt structure over 300 square kilometers in the Townsend Formation. The company plans to extend the Hussar 1 Well in November to a depth of 3,200 meters to target the Townsend area. Chief executive Anthony Hamilton expressed delight at the resource increase and the progress made by the Georgina team over a 5-year journey. Georgina Energy is focused on obtaining necessary drilling approvals and continues towards fulfilling requirements for the formal granting of EPA155 in the Northern Territory. The company's goal is to achieve positive outcomes with their low-risk projects in Australia. Georgina is collaborating with Aztech Well Construction to submit documentation for drilling approvals, with a site inspection planned for November.
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