Mining, Minerals & Metals PLC HUSSAR WELL PERMITTING UPDATE

RNS Number : 3385B

Mining, Minerals & Metals PLC

22 August 2024

 

 

22 August 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 (the "Company")

(formerly Mining, Minerals & Metals plc)

HUSSAR WELL PERMITTING UPDATE

 

Further to the Company's announcement on 19^th August and the appointment of Aztech Well Construction to project manage the well re-entry at Hussar EP513 in the Officer Basin, Georgina Energy GEX.L, is pleased to announce the following update on the Hussar Well Re-entry Program.

 

Aztech brings over 14 years of experience in well project management and engineering solutions managing drilling operations across onshore Australia. Notably, Aztech has drilled over 40 wells in the Perth Basin between 2011 and 2023, demonstrating their deep industry knowledge and capability.

 

Permitting Update: Re-entry Hussar EP513 Officer Basin Western Australia

 

·      Regulatory Submissions: Georgina's wholly owned operating subsidiary, Westmarket Oil & Gas Pty Ltd, has lodged its Notification of Operator, Authorisation Letter, and detailed work program with the Department of Energy, Mines, Industry Regulation & Safety (DEMIRS).

·      Environmental Compliance: An independent environmental consultancy has been engaged to complete required Environmental Assessments.

·      Risk Management: The Company is finalising risk assessment and contingency plans to be submitted with its drilling approval application.

·      Site Preparations: Planning for site preparation and civil works is well underway.

·      Health & Safety: Aztech is preparing HSEMS (Health, Safety, and Environmental Management System) submissions for DEMIRS in support of the re-entry and drilling approval process.

·      Seismic Data Processing: New, recently available, seismic data is being analysed to enhance pre-drilling structural mapping of the Hussar prospect.

 

Georgina Energy has clearly stated its aspirations to become a global partner in the Helium and Hydrogen market and the Hussar Well Re-entry program forms a key component in realising this vision.

 

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

"Georgina Energy remains on track to obtain its re-entry and drilling approvals from DEMIRS, supporting our strategy of low-risk well re-development projects in Australia. These projects focus on unlocking significant prospective resources of natural gas, hydrogen and helium. The execution of the Aztech contract and drilling permit for the Hussar project is a crucial first step to proving our concept."

 

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.

 

The projects benefit from established infrastructure and a reliable supply chain, offering significant resource potential through low-risk, cost-effective drilling projects.

 

Georgina Energy has two principal onshore interests held through its wholly owned Australian subsidiary, Westmarket Oil & Gas.  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.  Georgina also has a right to earn an initial 75% interest (with the potential to extend to 90%) in a second prospect, EPA155 Mt Winter Prospect, is located in the Amadeus Basin in the Northern Territory, subject to the granting of the permit application.

 

In line with market demand trends, Georgina Energy is well-positioned to capitalize on the growing gap between supply and demand for Helium and Hydrogen with the independently verified prospective recoverable resource potential of the Hussar and Mt Winter projects.

 

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

 

 

UPDEAFPFADDLEAA