Hussar Well Permitting Update

Further to the Company's announcement on 19th August and the appointment of Aztech Well Construction to project manage the well re-entry at Hussar EP513 in the Officer Basin, Georgina Energy GEX.L, is pleased to announce the following update on the Hussar Well Re-entry Program.

Aztech brings over 14 years of experience in well project management and engineering solutions managing drilling operations across onshore Australia. Notably, Aztech has drilled over 40 wells in the Perth Basin between 2011 and 2023, demonstrating their deep industry knowledge and capability.

Permitting Update: Re-entry Hussar EP513 Officer Basin Western Australia

• Regulatory Submissions: Georgina's wholly owned operating subsidiary, Westmarket Oil & Gas Pty Ltd, has lodged its Notification of Operator, Authorisation Letter, and detailed work program with the Department of Energy, Mines, Industry Regulation & Safety (DEMIRS).
• Environmental Compliance: An independent environmental consultancy has been engaged to complete required Environmental Assessments.
• Risk Management: The Company is finalising risk assessment and contingency plans to be submitted with its drilling approval application.
• Site Preparations: Planning for site preparation and civil works is well underway.
• Health & Safety: Aztech is preparing HSEMS (Health, Safety, and Environmental Management System) submissions for DEMIRS in support of the re-entry and drilling approval process.
• Seismic Data Processing: New, recently available, seismic data is being analysed to enhance pre-drilling structural mapping of the Hussar prospect.

Georgina Energy has clearly stated its aspirations to become a global partner in the Helium and Hydrogen market and the Hussar Well Re-entry program forms a key component in realising this vision.

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

"Georgina Energy remains on track to obtain its re-entry and drilling approvals from DEMIRS, supporting our strategy of low-risk well re-development projects in Australia. These projects focus on unlocking significant prospective resources of natural gas, hydrogen and helium. The execution of the Aztech contract and drilling permit for the Hussar project is a crucial first step to proving our concept."