Georgina Energy Share Discussion Threads

[cyberbub] 17/10/2024 08:07

Kingston you've been in the markets for years, surely you must know by now that share prices almost always fall on good news? It's very simple - traders who bought at the lows (low 9's in this case) always use the increased volume from good news to take their profit. It's irrelevant to the story overall.

[kingston78] 17/10/2024 07:42

It is difficult to understand why the share price of GEX falls on good news. It must be a curse from Orange 11. If he sells all his shares in GEX I think that the share price will rise thereafter. As he continues to hold the shares he is holding everyone back.

[stockriser] 17/10/2024 07:36

DD776 - we're currently off the radar, not for long though ;-)

GL SR

[dd776] 17/10/2024 07:24

That news was well received ?

[useless23] 17/10/2024 06:17

Glad I topped up yesterday

[bad gateway] 17/10/2024 06:13

Agreed, target just looks better and better. Not long to wait now.

[jungmana] 17/10/2024 06:08

Excellent news this morning on Hussar. Looking forward to drilling in 6 to 8 weeks time

[sos100] 17/10/2024 06:03

Resource increases by 20%

[purple11] 17/10/2024 06:01

Georgina Energy plc ("the Company")



RESOURCE UPGRADE EP513 HUSSAR



Georgina Energy Plc, GEX.L is pleased to announce the following EP513 Hussar resource upgrade.



The Company is pleased to confirm receipt of an updated addendum to the CPR of May 23, 2024 (available on the GEX website) from an Independent Competent Person following the synthesizing of new seismic data, which greatly improves our understanding of the deeper structure at Hussar. The Independent Competent Person is a practicing geologist and geophysicist with over 30 years of experience in both the hydrocarbon and energy industry as Head of Exploration of a highly successful producer and explorer.



Resource Scale of EP513 Hussar



· Georgina Energy engaged an Independent Competent Person to synthesise the new seismic data which forms part of the of the Company's submission to DEMIRS with its drilling permit application.

· New seismic data and mapping confirms the presence of a significant (300 km2) pre-salt structural closure at the depth of the target reservoir, the Townsend Formation.

· The resource estimates were revised using the deterministic method for calculations.

· The new seismic data recently made available to the Company by DEMIRS has enabled more detailed seismic mapping results and improved seismic sections through the well.

· The previous CPR assessment of the Hussar Prospect, published in the Company's prospectus, concluded that the prospect hosts unrisked 2U Prospective (Recoverable) Resources of c.155 BCFG (155 million MCF) of helium and c.173 BCFG (173 million MCF) of hydrogen, and c.1.75 TCFG of hydrocarbons.

· The revised Competent Person's estimates unrisked 2U Prospective (Recoverable) Resources of c.185 BCFG (185 million MCF) of helium and c.205 BCFG (205 million MCF) of hydrogen and c.1.909 TCFG of hydrocarbons, representing an overall increase of approximately 20%.




















EP 513 Hussar Prospect

Helium


BCFG


6.55


196


2,556


6.22


155


2046

Hydrogen


BCFG


1.42


218


3,123


1.35


173


2501

Hydrocarbons


BCFG


103


2,030


15,049


100


1,750


13,000



· The new mapping has identified a structure of a greater aerial extent than previously mapped. Georgina intends to complete its own interpretation of the seismic database, based on a newly enhanced reprocessing approach.

· The Company will be on site in November to complete an environmental survey with the Traditional Landowners; a requirement of the granting of the drilling approval to re-enter the Hussar 1 Well in December 2024 which was originally drilled to a depth of 2,040 metres. The Company plans to extend the depth to approximately 3,200 metres to penetrate the subsalt Townsend target reservoir, which potentially hosts significant accumulations of helium, hydrogen and natural gas.

· The Company (as the approved nominated Operator) and Aztech Well Construction are currently preparing to submit all the required documentation for drilling approvals from DEMIRS which will include the remapped seismic and November preparatory site inspection report.



Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:

"We are delighted with the significant increase of resources at Hussar. Our planned preparatory site visit in November, followed by the commencement of operations in December, marks the realisation of a 5-year journey for the Georgina team. Alongside this, as we continue to make progress towards obtaining the relevant drilling approvals for Hussar we continue towards fulfilling requirements for the formal granting of EPA155 in the Northern Territory, the Mt Winter Prospect representing, the next stage in our development program. Our goal remains to achieve a positive outcome with our low-risk projects in Australia."

[jungmana] 16/10/2024 09:40

Something brewing imo. EPA155 rns?

[jungmana] 16/10/2024 09:14

Thanks for the info

[purple11] 16/10/2024 09:12

A Total Market Solutions investor lunch.

[jungmana] 16/10/2024 08:57

I gather there is a meeting with some investors today?

[purple11] 16/10/2024 08:50

alot of nice trades so far

[jungmana] 16/10/2024 07:56

200k buys, why not when on sale? Will soon be over the ipo 12.5p price

[kingston78] 16/10/2024 07:42

No one is buying these shares. Isn't that funny? If the market thinks that this is a super stock the share price would have gone through the roof. Only the idiotic Orange11 is pumping these shares but no one is listening.

[purple11] 16/10/2024 05:26

theres lots of newsflow to come before then and id expect a move sooner than that.
we shall see.

[cyberbub] 15/10/2024 17:00

Don't fret, purple11. There are still 8-9 weeks until re-entry, I wouldn't expect to see a run up starting until maybe 3rd week of November. We seem to have found support around 10-11p so I'm happy to wait...

[taffevans] 15/10/2024 15:15

Only getting shares worth the money they have invested and LOCKED IN for 2 years

[kingston78] 15/10/2024 14:57

The share price is not going anywhere. Directors are not buying because they will get free shares when certain milestones are achieved. What can Orange11 do despite ramping it non-stop? He must be sitting on a large paper loss. He should be a worried man. He has sleepless night so he berates anyone who does not agree with him. He bans people from posting differing views or criticise his dictatorial behaviour. He probably has ADHD.

[taffevans] 15/10/2024 13:47

And all the TEENY - WEENY sells that have been going on ALL DAY were taken out in 15 mins lol

[jungmana] 15/10/2024 13:24

Nice buys there in 4× 50k

[purple11] 15/10/2024 10:25

GEX latest tweet

Georgina Energy
@GeorginaEnergy
·
1h
#GEX CEO📽️catch up with @CruxInvestor
:

🔹Fully funded for Hussar drilling in Dec (targeting Townsend formation at 3,200m in 50-day programme)

🔹Progress on Mt Winter access with traditional landowners

🔹35,000 km² of exploration potential for future resource growth