Georgina Energy plc

GEX · Main Market · Energy · mcap £31m · 12.8p

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.

Target	Promise	Said	Status
2024
2024-07	Relist the enlarged company on the London Stock Exchange (first Q1 2024, later July 2024)	30 Oct 2023	✗ Missed
	“subject to the eligibility process we are targeting to list the enlarged company in Q1 2024” Also stated 1 Dec 2023 · 5 Jul 2024 Result Q1 2024 target slipped; relisting came after the 30 July 2024 admission, and trading was confirmed on 23 August. “with the Company targeting a Listing in July 2024”5 Jul 2024 · Proposed Acquisition of Georgina Energy Plc “Georgina Energy, GEX.L, have released an updated company presentation to the market.”23 Aug 2024 · Presentation following listing on the LSE
2024-12	Start drilling or re-entry at the Hussar well by the end of 2024	13 May 2024	✗ Missed
	“drilling expected to commence in Q4 2024” Also stated 28 Jun 2024 · 29 Aug 2024 Result Delayed by weather and an expanded environmental study. Approval came in October 2025 and drilling was then planned for Q3 2026. “The Company no longer expects to be onsite in December as we will only commence drilling operations when it is deemed safe for personnel and equipment to mobilise subject to the relevant drilling permits being obtained.”20 Dec 2024 · Operational Update “Further to the Company's announcement of 30 October 2025, concerning the receipt of formal approval from the Western Australian Department of Mining, Petroleum and Exploration ("DMPE") to drill the Hussar Prospect in EP513.”31 Oct 2025 · Hussar EP513 Drilling Approval
Today · 11 Oct 2026
2026
2026-09	Spud the Hussar well in Q3 2026 (September) and complete a 50-day programme	20 Feb 2025	✗ Missed
	“designed to best prepare us for drilling in Q3, 2026” Also stated 20 May 2026 · 8 Jul 2026 Result On 23 September 2026 rig mobilisation was delayed by record rainfall; no spud date was set, and a seismic programme was added. “there has been unseasonal record-breaking rain in the district which has prevented all of the contractors' equipment and trucks being able to demobilise”23 Sep 2026 · Hussar EP513 Prospect Update “due to delays in mobilising the Ensign Rig 970 to site, The company has decided to implement a new seismic program”24 Sep 2026 · Hussar EP513 Seismic Implementation
2026-09	Complete drilling to target depth with funding from Harlequin's US$25m facility, by Q3 2026	4 Nov 2025	✗ Missed
	“Drill to target depth, evaluate reservoir qualities, gas compositions, likely sustainable flow rates.” Result The September 2026 spud was delayed by rain, with no new date set by 9 October 2026. “there has been unseasonal record-breaking rain in the district which has prevented all of the contractors' equipment and trucks being able to demobilise”23 Sep 2026 · Hussar EP513 Prospect Update “The Company is hopeful of mobilising the drilling rig and associated service contractors in a timely fashion subject to safety constraints including the weather and road conditions”23 Sep 2026 · Hussar EP513 Prospect Update