Hussar EP513 Drill Operations Site Inspection

Georgina Energy PLC

05 February 2026

 

5th February 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

Georgina Energy plc

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

Hussar EP513 Drill Operations Site Inspection

Georgina Energy Plc, GEX.L provides the following update on drilling at Hussar EP513.  

The Company's technical consultant Aztech has commenced the program to issue RFQs (Requests for Quotation and Supply) in support of the planned drilling program. Preliminary indications are that the  Explorer Rig is appropriate in specifications to complete the drilling program and is potentially available subject to final confirmation by 25^th February.

The Company's representatives and technical consultancy team will be travelling to site on 12^th 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.

These works will facilitate the coordinated and successful completion of drilling to test the main targeted reservoirs, ie the subsalt Townsend Formation and fractured basement lithologies. The team will be inspecting and taking images of the various sites as indicated on the map below. Following completion of these site inspections, selected images will be posted on the Georgina website for shareholders to view.

The Operating Agreement governing the drilling program for Hussar will see Harlequin, Schlumberger and Aztech Well Construction plan all site activities in line with the Government (DMPE) approved Well Management Plan (WMP) lodged by Georgina in 2025.

The drilling program and site infrastructure works required to develop Hussar into a producing asset will be funded solely by Harlequin and their partners in a structured Offtake funding arrangement that is non-dilutive for Georgina shareholders.

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

"We're pleased to be progressing rig selection for drilling and will be conducting a site inspection from 12^th February. The site and access works planned are designed to best prepare us for drilling in Q3, 2026. Georgina and Harlequin have worked hard to structure this agreement to minimise exposure to significant capital outlay and therefore reduce dilution risk for shareholders." 

Drilling Program

·      The initial program is outlined below:

Completion Date	Activity
Q1 2026	Order long lead items such as wellhead/casing Tender & contract drilling rig (currently 4 appropriate rigs available)
Q2 2026	Water bore(s) drilling and installation on site Surface conductor pipe installation comprising the first section of drill casing Service company tender & contract; includes cementing, mud logging, e-logging, WSG, testing contractors Expand site/access roads, airstrip, drilling pad works. Inspection, planning and costing already completed Finalise the engineering and well design in conjunction with the drill contractor Mobilise drilling rig to site and all relevant service companies

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Enquiries

Georgina Energy

Tony Hamilton	via [e-mail]
Mark Wallace

Tavira Financial Ltd - Financial Adviser and Joint Broker

Jonathan Evans	[phone]
Oliver Stansfield

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, 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

 

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