Georgina Energy plc
GEX · Main Market · Energy · mcap £27m · 8.4p 2 open situations →
- EV
- £24.9m
- EV / EBIT
- –
- Net debt
- £1.5m
- FCF yield
- -8.1%
- Revenue
- –
- Share price 1y
- +67%
- Insiders 12m
- no deals
- Next report
- around 26 Oct
Georgina Energy explores for helium, hydrogen and natural gas in Australia's Officer and Amadeus basins. It plans to re-enter old wells at its Hussar and Mt Winter prospects and sell gas through offtake deals.
Open · 2
Hussar well drilling approvals
Terms with Mosman Oil & Gas were agreed and the acquisition was subject to completion as of the 29 May 2026 results. The 2 Oct 2026 update says ALRA terms are agreed by all parties. A final CLC and Traditional Owners authorisation meeting is planned for mid-November. Settlement, including AU$300,000 from working capital, follows the grant of the tenement.
- Status
- Terms agreed with Mosman Oil & Gas; subject to completion 29 May 2026 ↗
- Next milestone
- Final formal authorisation meeting mid-November 2026 2 Oct 2026 ↗
- Then
- Submit Well Management, HSE and Environmental plans to NTDME 29 May 2026 ↗
- Payment
- AU$300,000 from working capital on tenement grant by NT Minister 2 Oct 2026 ↗
- Seller
- Mosman Oil & Gas (now Quantum Helium) 2 Oct 2026 ↗
- Site work
- Civil engineering access and site evaluation planned late October 2026 2 Oct 2026 ↗
Next: CLC and Traditional Owners formal authorisation meeting; tenement grant by NT Minister · 15 Nov 2026
- 2 Oct 2026 Site ready; flooding delays rig mobilisation
- 29 May 2026 Rig contracted; suppliers still to be agreed
- 20 May 2026 Rig contract executed; supplier selection under way
- 16 Apr 2026 Rig selected by letter of award; contract pending
Going concern and funding
The audit report for the year to 31 January 2026 flags a material uncertainty on going concern. Cash was about £0.27m at year end, £466,000 at 15 May 2026, after a £1m equity raise on 1 May 2026. Large outflows are forecast to 31 October 2027, and further equity, convertible loan notes or debtholder support are the options named.
- Year-end cash
- approximately £0.27 million at 31 January 2026 29 May 2026 ↗
- Cash 15 May
- £466,000 29 May 2026 ↗
- Raise
- £1 million equity fundraise completed 1 May 2026 29 May 2026 ↗
- Funding options
- Further equity, convertible loan notes, support from existing debtholders 29 May 2026 ↗
- Forecast period
- Outflows to 31 October 2027 29 May 2026 ↗
Next: Secure further funding for planned expenditure
- 29 May 2026 Material uncertainty flagged by auditor
Closed · 1
Company filings. Not investment advice.