Georgina Energy plc (LSE:GEX) has signed a Memorandum of Understanding with Halo Capital Investments Ltd for an off-take arrangement covering its Hussar and Mt Winter projects. Under the 12-month non-exclusive agreement, Halo has the option to acquire 100% of helium, hydrogen, and natural gas from these projects, with processing, storage, and transportation handled at Halo’s expense. This allows Westmarket Oil & Gas to sell gas in its raw form, minimizing infrastructure costs for Georgina.
The company has also received confirmation from the Department of Mining, Petroleum and Exploration that all requirements for the Hussar EP513 permit have been met, with final drilling approval now pending. These developments position Georgina to advance the commercialisation of its energy assets.
About Georgina Energy plc
Georgina Energy plc is an Australian development company focused on helium, hydrogen, and other natural resources. Through its subsidiary Westmarket Oil & Gas, it holds interests in the Hussar Prospect in Western Australia and the Mt Winter Prospect in the Northern Territory, aiming to become a leading supplier in the global helium and hydrogen markets.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Leave a Reply