Georgina Energy Broadens Halo Offtake MOU Across Growing Helium and Hydrogen Assets

Georgina Energy plc (LSE:GEX) has agreed a 24-month extension to its offtake memorandum of understanding with Halo Capital Investments Ltd, widening the scope of the arrangement to include all existing and future projects. The expanded coverage also takes in recently announced Central Petroleum acquisitions, including Mt Kitty, Dukas and Mahler, subject to completion.

Under the extended, non-exclusive MOU, Halo retains an option over 100% of helium, hydrogen and natural gas production. Halo would be responsible for funding and operating processing, storage, transportation and export infrastructure at its own cost, while also potentially providing prepayment and development finance. This structure allows Georgina to sell gas at the wellhead and limits its exposure to capital-intensive infrastructure requirements.

Alongside the offtake discussions, Georgina Energy said funding efforts are continuing for its priority Hussar and Mt Winter projects. Management said the extended agreement supports the company’s strategy to build scale across its helium and hydrogen portfolio and progress toward becoming a meaningful producer in these markets.

From an investment perspective, Georgina Energy continues to face material financial challenges, including ongoing losses and negative cash flow. While technical indicators point to broadly neutral momentum and recent strategic steps suggest longer-term growth potential, the company’s current financial position underpins a high-risk profile that warrants caution.

More about Georgina Energy plc

Georgina Energy plc is an Australia-focused helium, hydrogen and natural resources development company seeking to establish itself as a leading global producer in these critical energy segments. Through its wholly owned subsidiary Westmarket Oil & Gas, the group holds onshore interests including the Hussar prospect in Western Australia and the Mt Winter prospect in the Northern Territory, positioning it to benefit from tightening supply-demand dynamics in global hydrogen and helium markets.