Debt Drawdown of £500,000

Summary by AI BETAClose X

Georgina Energy PLC has completed a second drawdown of £500,000 under its debt and equity facility, bringing the total drawn to £800,000, with the remaining £200,000 available. This latest drawdown, like the first £300,000, carries no interest and is convertible at a 50% premium to the 5-day VWAP preceding the drawdown, with the initial reference price set at 8 pence per share. The company will also issue 2.5 million warrants exercisable at 8 pence, representing 40% of the drawdown amount divided by the reference price, with a 48-month term. These funds will be used for working capital and project development, including progress on a transaction with Central Petroleum, while its subsidiary Westmarket Oil & Gas is fully funded through an offtake finance arrangement.

Disclaimer*

Georgina Energy PLC
30 January 2026
 

 

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

 30th January 2026

 

Georgina Energy plc

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

 Debt Drawdown of £500,000

Debt and Equity Facility

The Company entered an equity and debt financing arrangement with an institutional investor on 4th November 2025 (RNS 1026G). The Facility, of up to £1,000,000, has a term of 3 years, and each drawdown of the debt has a term of 12 months.

The Company will use the gross proceeds of the drawdown to fund working capital and to continue the development of its portfolio and progress the transaction with Central Petroleum.

Westmarket Oil & Gas, the operational subsidiary of the Company is fully funded having recently agreed a structured offtake finance arrangement with Harlequin Energy.

Debt Facility

The First Drawdown of £300,000 occurred on 4th November 2025 and is convertible at 8 pence per share ("Reference Price") and each drawdown thereafter at a 50% premium to the 5-day VWAP preceding the drawdown. There is no interest to be applied to the loan.

The Company has now undertaken a Second Drawdown of £500,000 on the same terms as that agreed for the First Drawdown, that being convertible at a premium of 8.00 pence.

Issue of Warrants

The Investor shall receive Warrants equal to 40% of each drawdown divided by the Reference Price, exercisable at a 50% premium to the relevant Reference Price being 8.00 pence (2.5 million warrants). Each issuance of Warrants will have a 48-month term from the date of issuance (which may be offset against outstanding debt if exercised). As with the First Drawdown, the Second Drawdown warrants will be exercisable at 8 pence.

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

 

"We are delighted to have received the continued support from an Institutional Investor. This strategic investment not only strengthens our balance sheet but also underscores institutional confidence in our vision and asset base. The funding provides us with the flexibility to accelerate the advancement of our key projects and evaluate additional growth opportunities to deliver enhanced shareholder value."

 

END

Enquiries

 

Georgina Energy

Tony Hamilton

via georginaenergy@apcoworldwide.com

Mark Wallace

 

 




Tavira Financial Ltd - Financial Adviser and Joint Broker

Jonathan Evans

+44 (0)20 3833 3719

Oliver Stansfield




 

Oak Securities - Joint Broker

Jerry Keen

 +44 (0)203 973 3678

Henry Clarke


Dillon Anadkat


 

Financial PR via georginaenergy@apcoworldwide.com

Violet Wilson

+44 (0)203 757 4980

Tamsin Howard


 

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, 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.

 

In line with market demand trends, Georgina Energy is well-positioned to capitalize on the growing gap between supply and demand for hydrogen and helium with the resource potential of EPA155 Mt Winter and EP513 Hussar projects for their potential accumulations.

 

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

 

END

 

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 rns@lseg.com 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
 
 
UK 100