Georgina Energy (GEX ) has executed an extension to its offtake memorandum of understanding (MOU) with Halo Capital Investments to consider all of the company’s projects.
The MOU, originally executed on 28 August 2025, has been extended for a period of 24 months to 28 August 2028 to incorporate Georgina’s recently announced Central Petroleum (CTP) acquisitions, subject to completion of the proposed transaction. Georgina said Halo is backed by established capital from family office and fund investors supporting companies in regulated energy markets.
Under the extended MOU, Halo holds a non-exclusive option over up to 100% of helium, hydrogen and natural gas output from Georgina’s current and future projects. Meanwhile, Georgina said the framework is designed to support a wellhead sales model, with Westmarket Oil & Gas having the option to sell gas in its raw state via offtake funding, subject to a formal contract on commercial terms.
The company said the off-taker would be responsible at its sole cost for processing facilities, including separation units for helium and hydrogen and cryogenic purification systems. Georgina also said Halo would take responsibility for storage, transportation, exportation and trucking helium to Darwin, and ammonia conversion to hydrogen, alongside any associated logistics.
Westmarket Oil & Gas must deliver completed flow tests identifying gas volumes and composition, after which the off-taker would conduct a detailed review and assessment to agree commercial terms. The arrangement only becomes exclusive once the off-taker provides proof of funds and executes a formal contract. However, the company said the MOU extension does not affect ongoing funding discussions regarding Hussar and Mt Winter, which remain priorities.
Georgina Energy’s Chief Executive Officer Anthony Hamilton said: “While the development, financing and drilling of Hussar and Mt Winter remain our priorities, the extension of the Off-take MOU will allow Halo to consider the transformational and highly complementary CTP projects as part of the Offtake agreement. The incorporation of the Mt Kitty, Dukas and Mahler assets supports its sell at the well head concept.
“Georgina Energy has built forward momentum with the approval of the Hussar EP513 drilling permit, completion of the purchase of 100% of Mt Winter along with the new CTP wells, subject to completion, positioning the Company to become a leading producer of helium and hydrogen. We look forward to providing further announcements.”
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This extension broadens the potential offtake framework to cover a larger set of assets, while leaving processing and logistics responsibilities with the off-taker in principle.