Mt Winter EPA 155 Site Inspection
Georgina Energy PLC is providing an update on its Mt Winter prospect in Australia, confirming that its technical team and consultants are on-site inspecting the wellhead and proposed seismic lines, with ecological reviews also underway. The company plans to expedite the prospect's development program, which holds estimated prospective recoverable resources of 234 BCF helium, 214 BCF hydrogen, and 1.7 TCF natural gas. Discussions with Harlequin Energy regarding funding for pre-drill seismic surveys are ongoing, and a new seismic survey of approximately 190-line km is anticipated in early 2027, followed by prospect re-entry drilling by mid-2027. Tenders for seismic acquisition and drilling services are also progressing.
Select text to share a quote on X · sign in to keep highlights & notes in your GEX notes
Georgina Energy Plc, (LSE: GEX.L), a helium, hydrogen and natural gas exploration and development company with strategic permits in Australia, provides the following update on the Mt Winter subsalt helium, hydrogen and hydrocarbons prospect in onshore Australia.
The Georgina’s technical operations team along with Aztech and its Ecological Consultants are currently onsite undertaking and inspection of the Mt Winter well head and proposed seismic lines location. The Ecological consultants are also undertaking a preliminary review of the location as part the proposed the seismic program and drill site location.
Mt Winter EP155 Well location
Ecological Survey Team
Mt Winter Water well Mt Winter 1 Drill site
Highlights
The Mt Winter Water well has been located and is currently being inspected
Access to and from site is currently under review.
The Company will be expediting the prospect re-entry and development program for the highly prospective Mt Winter project with, inter alia, 2U Prospective Recoverable Resources at 2U/P50 of 234 BCF helium, 214 BCF hydrogen and 1.7 TCF natural gas.
The Company is continuing its discussions with Harlequin Energy on funding the pre-drill seismic with positive discussions ongoing and subject to a formal agreement.
Mt Winter will kick off with an abbreviated new seismic survey of c.190-line km in order to better tie down the stratigraphy, formation tops and better define target zones as existing seismic was most recently shot in 1981.
Modern seismic will also better define Direct Hydrocarbon Indicators (DHIs) and accumulations of hydrogen, helium and hydrocarbon gas indicators.
The seismic program is anticipated to be acquired early in 2027 before prospect re-entry drilling to commence by mid-2027.
Discussions with drilling companies will progress with the tender process formally commencing in early 2027.
Tenders for the Seismic have been called from various suppliers.
Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:
“Our team is on site for the week, and we look forward to drilling the Mt Winter prospect in 2027, following the successful confirmatory seismic, which coupled with the Hussar prospect re-entry well has game changing, company-making potential.”
Further updates will follow as the Company progresses towards completion of the Mt Winter acquisition and granting of the permit. Photos following the current site visit can be viewed by shareholders on the Georgina website.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.