Georgina Energy PLC CONFIDENTIALITY AGREEMENT SIGNED

RNS Number : 2531H

Georgina Energy PLC

08 October 2024

 

 

8 October 2024

 

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 UK MAR IN SO FAR AS IT RELATES TO ORDINARY SHARES ISSUED BY GEORGINA ENERGY PLC

 

Georgina Energy plc

("Georgina", "Georgina Energy" or the "Company")

 

 CONFIDENTIALITY AGREEMENT SIGNED

 

Georgina Energy Plc, GEX.L is pleased to advise that, via its wholly owned subsidiary Westmarket Oil & Gas Pty Ltd, it has executed a Confidentiality Agreement (the "Agreement") with a well-established Australian-listed Oil & Gas exploration and production company, with Australian onshore gas production assets, in relation to its well re-entry programme.

 

As announced on 3^rd October 2024, the Company has completed a review of potential additional well re-entry targets for a programme following Hussar and Mt Winter drilling. Georgina has reached out to various parties to determine interest in either a farmout or direct interest.

 

The purpose of the Agreement is to evaluate the potential acquisition or farm-out of certain permits between the parties, subject to formal agreements. The Agreement is for a 24 month period from the date of execution.

 

This Agreement is in addition to the targets identified previously by Georgina Energy and its consultants.

 

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

 

"The execution of this agreement with a well-established, production company with Australian onshore gas assets and significant acreage, provides Georgina with exciting potential opportunities for growth following the development of Hussar and Mt Winter."

 

                                                                        END

 

Enquiries

 

Georgina Energy

Tony Hamilton	via [e-mail]
Mark Wallace

Tavira Financial Ltd - Financial Adviser and Joint Broker

Jonathan Evans	[phone]
Oliver Stansfield

 

Oak Securities - Joint Broker

Jerry Keen	[phone]
Henry Clarke
Dillon Anadkat

 

Financial PR via [e-mail]

Violet Wilson	[phone]
Letaba Rimell

 

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 Officer Basin in Western Australia and Westmarket O&G holds a 100% working interest in the exploration permit.  The second, the EPA155 Mt Winter Prospect, the permit is anticipated to be granted within the next 3 months, is located in the Amadeus Basin in the Northern Territory, which Georgina Energy has a right to earn an initial 75 per cent. interest in (with the potential to reach 90 per cent.).

 

 

 

For more information visit https://www.georginaenergy.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

AGRFSUFMWELSELS