Georgina Energy , a helium, hydrogen and natural gas exploration and development company with strategic permits in Australia, has provided the following update on both of its subsalt helium, hydrogen and hydrocarbons prospects in onshore Australia.
Hussar highlights:
- All civil engineering has been completed including water well, Turkey’s nest and sump.
- The water well has been completed and tested on a long-term test delivering some 260,000 litres per day.
- The 20-inch conductor pipe has been drilled and cemented in place.
- The Hussar airstrip has been cleared, gravelled and rolled to provide a 1,400m length airstrip capable of operation in virtually any weather.
- Access roads have been cleared, graded and gravelled and compacted where necessary.
- Adverse weather and flooding continue, with the authorities enforcing no access to or from site.
- The Company remains in priority discussions with Ensign Drilling to mobilise Rig 970 as soon as practical.
- Drilling Hussar remains the Company’s primary priority.
- Seismic program to be undertaken, fully funded by Harlequin.
Mt Winter highlights:
- ALRA terms have been agreed by all parties.
- The Company will be expediting the prospect re-entry and development program for the highly prospective Mt Winter project with, inter alia, 2U Prospective Recoverable Resources at 2U/P50 of 234 BCF helium, 214 BCF hydrogen and 1.7 TCF gas.
- Approvals for preliminary site inspections currently under way with a civil engineering access and site evaluation planned for late October 2026.
- Settlement arrangements for the 100% acquisition of EP155 are underway; Georgina will complete the settlement with Mosman Oil & Gas (now Quantum Helium) including the payment of AU$300,000 (from current working capital) on granting of the tenement by the Northern Territory Minister of Mines and Energy.
- CLC and Traditional Owners approval meetings and discussions will be completed with a final formal authorisation meeting planned for mid-November.
- Seismic program has been started with planning application in process and anticipated to be completed shortly.
Further updates will follow as we progress towards a revised spud date for Hussar with additional site photos which can be viewed by shareholders on the Georgina website.
Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:
'With all engineering works complete at Hussar, drilling this prospect, along with completing the Mt Winter acquisition, remain our highest priorities. We look forward to making further announcements in due course on these vitally significant projects.'
Source: Georgina Energy
