8 October 2024
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")
CONFIDENTIALITY
AGREEMENT SIGNED
Georgina Energy Plc, GEX.L is pleased to advise that, via
its wholly owned subsidiary Westmarket Oil & Gas Pty Ltd, it
has executed a Confidentiality Agreement (the "Agreement") with a
well-established Australian-listed Oil & Gas exploration and
production company, with Australian onshore gas production assets,
in relation to its well re-entry programme.
As announced on 3rd
October 2024, the Company has completed a review of potential
additional well re-entry targets for a programme following Hussar
and Mt Winter drilling. Georgina has reached out to various parties
to determine interest in either a farmout or direct
interest.
The purpose of the Agreement is to
evaluate the potential acquisition or farm-out of certain permits
between the parties, subject to formal agreements. The Agreement is
for a 24 month period from the date of execution.
This Agreement is in addition to the
targets identified previously by Georgina Energy and its
consultants.
Anthony Hamilton, Chief Executive
Officer of Georgina Energy, commented:
"The execution of this agreement
with a well-established, production company with Australian onshore
gas assets and significant acreage, provides Georgina with exciting
potential opportunities for growth following the development of
Hussar and Mt Winter."
END
Enquiries
Georgina Energy
Tavira Financial Ltd - Financial
Adviser and Joint Broker
Oak Securities - Joint
Broker
Financial PR via
georginaenergy@apcoworldwide.com
|
Violet Wilson
|
+44 (0)203 757 4980
|
|
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, the permit
is anticipated to be granted within the next 3 months, is located
in the Amadeus Basin in the Northern Territory, which Georgina
Energy has a right to earn an initial 75 per cent. interest in
(with the potential to reach 90 per cent.).
For more information
visit https://www.georginaenergy.com