Hussar EP513 Drill Pre-Drill Site Works Update

Georgina Energy PLC

02 July 2026

 

2^nd July 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 Pre-Drill Site Works Update

Georgina Energy Plc, GEX.L is pleased to confirm that contractors and personnel continue onsite undertaking the pre-drill site works required for the Q3 Hussar drilling program. Current operations are proceeding as planned to enable the testing of this exciting prospect, with 300 km² of areal closure and as one of the largest subsalt Helium, Hydrogen and Hydrocarbons prospects in onshore Australia.

Highlights

·      Pre-drill site works continue site at Hussar EP513, with current operations proceeding as planned.

·    Access, airstrip, water well, drill pad and accommodation pad works are being progressed ahead of rig mobilisation.

·    Contracted Ensign Rig 970 remains scheduled for mobilisation to site following completion of the current preparatory works, with an anticipated spud date in September 2026.

·    Hussar will target primary subsalt reservoir formations, including the Townsend Formation and fractured Neoproterozoic basement lithologies, for helium, hydrogen and natural gas.

GEX Personnel Inspecting Pre-Drill Site Works

The pre-drill site works are essential to be completed to ensure compliance with the Department of Mines, Petroleum and Exploration's approved Well Management Plan lodged by Georgina's wholly owned operating subsidiary Westmarket Oil & Gas Pty Ltd in 2025.

The Company's operations and technical consultancy teams have travelled and remain on site to ensure works on the road repairs, airstrip repairs, site access preparation, clear access for the water well drilling, preparation of the drill and accommodation pad are completed. The company is also working with the Traditional Owner's representatives to ensure compliance to its agreements and obligations.

Figure 1: The Hussar Wellsite Plan

The contracted Ensign Rig 970 remains located in the North Perth Basin before being mobilised to site for Georgina, following completion of the current access, site, airstrip and water well drilling works pad and camp locations works, with an anticipated spud date in September 2026.

Hussar prospect lies in the Officer Basin, Western Australia in exploration permit EP513 (SPA 0036). Georgina Energy intends to drill the EP513 Hussar well to a depth of 3,200m, targeting the primary subsalt reservoir formations, including the Townsend Formation and the fractured Neoproterozoic basement lithologies, for helium, hydrogen and natural gas.

Independent consultants confirmed that Hussar has the required elements to yield net attributable 2U Prospective Resources of 155 BCFG Helium & 173 BCFG hydrogen with a potential combined in-situ value of US$55 billion (He US$350/MCFG, H US$2.65/kg) and net attributable 2U Prospective (recoverable) Resources of 1.73 TCFG of Natural Gas with potential in-situ value of US$5.24 billion.

Site Inspections with Traditional Owners

GEX Pre-Drill Site Contractors

                                     

Hussar Airstrip rectification and repairs

Further updates will follow as we progress along with site photos which can be viewed by shareholders on the Georgina website.

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

"Georgina remains on target for the drilling and development of its wholly owned Hussar EP513 Project. We are pleased with the progress of current site works to ensure the Ensign Drill Rig will be mobilised and the current planning and civil engineering works will be successfully completed in order to enable the drill testing of this exciting prospect in Q3 2026. With 300 km² of areal closure, the Hussar prospect is one of the largest subsalt Helium, Hydrogen and Hydrocarbons prospects onshore in Australia."

ENDS

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]
Georgia Edmonds

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,

 EP513 Hussar and the Mt Kitty and Dukas

projects for their potential accumulations.

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

 

END