Georgina Energy has presented its unaudited financial statements for the 6 months ended 31 July 2026 ('2026 Interim Financial Statements').
Georgina is an early-stage resource company with a strategy of actively pursuing the exploration, commercial development and monetisation of helium, hydrogen and hydrocarbon interests located in the Amadeus and Officer Basins in Northern Territory and Western Australia respectively.
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 Company has two principal onshore interests held through its wholly owned Australian subsidiary, Westmarket Oil &Gas ('WMOG'). The first, the Hussar Prospect (EP513) is located in the Officer Basin in Western Australia and WMOG holds a 100% working interest in the exploration permit. The second, the EPA155 Mt Winter Prospect, is located in the Amadeus Basin in the Northern Territory, subject to completion of the Sale Agreement Georgina Energy will hold a 100% working interest.
With the resource potential of the EP513 Hussar and the EPA155 Mt Winter projects in line with market demand trends, Georgina Energy is well-positioned to capitalize on the growing gap between supply and demand for hydrogen, helium and gaseous hydrocarbons in Australia and globally.
OPERATIONAL UPDATE
HUSSAR EP513
Operations at Hussar continue to advance with the Company having completed its initial site operations and reporting obligations.
January 2026
Schlumberger Oilfield UK Limited was engaged to work in conjunction with Georgina's technical consultants (Aztech Well Construction) to proceed with the planning, engineering and drilling of an exploration well at Hussar.
February 2026
The Company's representatives and technical consultancy team travelled to site on 12th February 2026 to undertake detailed inspections and evaluate planned work programs designed to ensure that the drilling of the Hussar well can commence promptly following the necessary site and access works inclusive of repairs to the airstrip, access roads and preparation of the drill pad and accommodation pad.
The final agreed site layout was fully inspected in compliance with the Well Management Programme ("WMP") submitted to Department of Mines, Petroleum and Exploration ("DMPE") for the site civil works plan (below) and subsequently confirmed to be fit for purpose.
April 2026
Georgina Energy Plc executed a letter awarding Ensign Australia Pty Ltd for the proposed drilling program at Hussar EP513. The rig identified for the drill program is an ADR (Automated Drilling Rig)-1500 model with a hook load (capacity to lift drill string, tools etc) of 750,000 lbs and capable of drilling to 5,000m depth with 5" drill pipe (note the prognosed TD of the Hussar well is c.2,800m).
May 2026
The Company announced the execution of a drilling contract with Ensign Australia Pty Ltd, for the supply of the Ensign 970 drill rig for the drilling campaign at the Hussar prospect (EP513).
Contractors arrived on site, and the Company began access civil engineering works for the drilling of the Hussar prospect. The airstrip was widened and graded to ensure it is suitable for crew change aircraft and a new CASA standard wind direction indicator was fitted; once drilling commences it is anticipated that there will be approximately 12-15 crew exiting and the same number leaving on a weekly basis in a 19-seat Swearingen Metroliner aeroplane.
The main access track along a 1984 seismic line was assessed and cleared, levelled and graded making it suitable for 50 plus semi-trailer or B double truck transport (each total mass of 40-60 tonnes plus).
July 2026
Pre-drill site works continued site at Hussar EP513, with the water well contractor mobilising to site to commence the drilling of the water wells to support the Ensign 970 drill rig and associated works.
MT WINTER EP155
June 2026
Georgina Energy Plc agreed the terms of the Aboriginal Land Rights Agreement (ALRA) with the Central Land Council (CLC) to facilitate the granting of EP155, which hosts the Mt Winter prospect. The Agreement was submitted to the Traditional Owners for execution and will then be submitted to the Minister of the Northern Territory Department of Mines and Energy for formal granting.
Under the terms of the ALRA the Company intends to expedite the re-entry and development program for the highly prospective Mt Winter project. The Mt Winter permit EP155 has been under unsuccessful application for over 16 years when held by previous companies. Georgina will complete the settlement with Mosman Oil & Gas including the payment of A$300,000 (from current working capital) on granting by the Minister of the permit.
Governance and ESG Commitment
We are committed to high standards of corporate governance, transparency, and environmental responsibility. During the period, we began implementing frameworks that will support responsible operations as we transition from exploration to development.
In all our activities, we engage respectfully with local communities and stakeholders, ensuring that our presence brings shared value and long-term benefit to host regions.
Closing Remarks
We are steadily building the foundations of a company capable of delivering long-term value in a low-carbon future. I would like to thank our shareholders for their continued belief in our vision, our partners for their collaboration, and our dedicated team for their resilience and commitment.
Source: Georgina Energy
