Georgina Energy PLC Advances Helium and Hydrogen Projects in Western Australia
Key Ideas
- Georgina Energy PLC is progressing the Hussar helium and hydrogen project and the Mt Winter project in Western Australia, with fully-funded drill programs underway.
- The company is conducting preliminary visits at the Hussar site, finalizing resource updates, and reprocessing seismic data, with a drill program scheduled to start in December.
- A scoping study near Hussar is evaluating the potential for a hydrogen, helium, and natural gas separation facility, with initial findings expected in January, including cost and revenue projections.
- Georgina Energy's subsidiary has signed a confidentiality agreement with another Australian energy company, potentially adding further helium, hydrogen, and natural gas prospects in the region.
Georgina Energy PLC, listed on the London Stock Exchange under the ticker symbol GEX, is progressing its helium and hydrogen projects in Western Australia. The company is actively advancing the Hussar and Mt Winter projects, with fully-funded drill programs in motion. A preliminary visit involving Traditional Owners, environmental consultants, and engineering teams is planned for the Hussar site to support drilling application submissions. In parallel, Georgina is finalizing resource updates, reprocessing seismic data, and preparing for the drill program set to begin in December. Additionally, a scoping study near Hussar is underway to assess the feasibility of a hydrogen, helium, and natural gas separation facility. The company expects initial findings in January, including projections for gas production and third-party offtake agreements. Moreover, Georgina has received positive indications regarding Traditional Owners' ratification for the Mt Winter project, with ongoing seismic data reprocessing aligning with farm-in obligations. The company is also exploring farm-in opportunities for subsalt helium, hydrogen, and natural gas targets beyond its current projects. Furthermore, Georgina's subsidiary, Westmarket Oil & Gas, has signed a confidentiality agreement with another Australian energy company, potentially expanding the company's prospects in Australia's energy sector.