Hussar EP513 Pre-Drill Works

Georgina Energy PLC

26 May 2026

 

26^th May 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 Pre-Drill Works

Georgina Energy Plc, GEX.L, has commenced pre-drilling civil engineering site works for the Hussar prospect re-entry drilling in EP513 following the execution of a contract with Ensign Australia Pty Ltd.  for the supply of the Ensign 970 drill rig.

The contracted Ensign 970 drill rig is anticipated to penetrate the main subsalt reservoir targets, the Townsend Formation and the fractured Neoproterozoic basement lithologies which have been independently assessed as having potential SPE PRMS (recoverable) Resources at 2U level of 283 BCF helium, 315 BCF Hydrogen and 2,925 BCF hydrocarbon gas. 

Contractors have arrived on site, and the Company has begun access civil engineering works for the drilling of the Hussar prospect re-entry well. The airstrip at the Hussar 1 well is being widened and graded to ensure it is suitable for crew change aircraft and new CASA standard wind direction indicator will be 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.

The main access track along a 1984 seismic line is being assessed and will be cleared, levelled and graded suitable for 50 plus semi-trailer or B double truck transport (each total mass of 40-60 tonnes plus). The drilling site and camp site will be cleared, levelled, graded and compacted together with a water well or wells installed on-site.    

The Hussar Prospect Re-Entry Access Track(1984 Seismic Line)

The Company's technical consultants, Aztech Well Construction and Georgina technical personnel are expected to be on site in June to supervise the pre-drill site inspections as planned along with work programs 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.

Contractors on site

Installation of CASA approved wind direction indicator

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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]
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 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 and the Amadeus Basin is known for Helium, Hydrogen and Hydrocarbon reservoirs with drilled  occurrences of high concentrations of these gases (up to 9.5%, 11% and 40% respectively).

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 for their potential accumulations.

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

 

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