Georgina Energy has released its unaudited results for the six months to 31 July 2025 and outlined operational progress across its Australian projects.
The company has two projects; Hussar EP513 located in the Officer Basin of Western Australia and Mt Winter EPA155 located in the Amadeus Basin of the Northern Territory.
Since listing on the London Stock Exchange in July 2024, Georgina has focused on helium, hydrogen and natural gas targets at these projects.
Work at Hussar is advancing through initial site operations and permitting steps with Western Australia’s Department of Mines, Petroleum and Exploration (DMPE). Approval of the Well Management Plan was confirmed on 14 July, and on 22 October 2025 Georgina received Environmental Management Plan approval to drill the Hussar prospect. The company is currently awaiting final drill approval from DMPE, which is anticipated to occur shortly.
The planned programme at Hussar includes re-entry and deepening of the well to test the Townsend Formation, with additional evaluation of fractured basement for potential commercial gases. Casing integrity will be independently assessed. Contingency plans are in place to drill a new test well if required.
Importantly, technical work has upgraded subsurface estimates. A consultant review and seismic reprocessing delivered a ~20% increase in mapped potential at Hussar and a 15% rise in net attributable 2U prospective recoverable resources for helium and hydrogen at Mt Winter.
At Mt Winter, Georgina is awaiting execution of an Aboriginal Land Rights Act agreement with the Central Land Council, after which EP155 can be granted and the acquisition completed with payment of A$ 300,000 to Mosman Oil & Gas. Two additional well locations have been identified from seismic review, and re-entry plans, HSE documentation and an environmental plan have been submitted to the Northern Territory authorities.
Georgina continues negotiations with potential off-take counterparties and remains open to strategic partnerships to accelerate development while managing risk and capital needs.
In August 2025, the Company raised £1 million via a placement of 20 million shares at 5 p per share to advance work at Hussar and Mt Winter and for general working capital.
View from Vox
With final drill approval at Hussar imminent, focus now shifts to rig mobilisation and first drilling, a clear near-term catalyst. Backed by the £1 million raise and upgraded resource estimates at Hussar and Mt Winter, Georgina looks well placed to convert permitting progress into results.