Westmarket Oil & Gas, a subsidiary of Georgina Energy (GEX), has submitted a well management plan, a drilling application, and a well activity application to the Department of Energy, Mines, Industry Regulation and Safety in Australia.
The submissions relate to the Hussar project.
Georgina has also received the Report of Archaeological and Ethnographic Work Program Survey completed within the revised EP513 Exploration permit area.
In addition, the revised Environmental Impact Report, which incorporates a significantly larger area, has been completed. Formal notice has been lodged with the Central Desert Native Title Services, as part of the drilling approval process, for the intention to undertake repairs at the Hussar airstrip and access roads.
Georgina is working closely with both DEMIRS and the Traditional Owners to secure drilling approval. The company remains confident this will be granted. Detailed engineering has taken place over the Hussar well re-entry and well development, and a suitable drill rig has been identified to undertake the drilling program.
Meanwhile, Georgina its consultants, following completion of seismic reprocessing and remapping, have also identified a secondary target that has increased the overall extent of the targeted area on Hussar.
At Mt Winter, Georgina is preparing the preliminary re-entry work program as part of the Aboriginal Land Rights Act agreement. This is the final part of the process to obtaining ratification of the granting of the selected priority area of EPA155 from the Northern Territory Minister for the Department of Mining and Energy.
Georgina has advanced the re-entry program timeline following the proposed acquisition of 100% of Mt Winter, which is anticipated to complete in due course. The increased resource potential of the Mt Winter prospect following completion of reprocessing and re-mapping of the existing 2D seismic data has also provided an additional resource target within EPA155.
Furthermore, the company is progressing negotiations following the completion of a detailed review for potential advanced prospects with proven drilled occurrences of gas with high concentrations of helium, hydrogen and hydrocarbons under relevant confidentiality agreements. These potential targets are slated for re-entry and development following the completion of developments at Hussar and Mt Winter.
"Georgina continues to be focused on multiple workstreams to fulfil obligations for the Hussar drilling permit approval and completion of the Mt Winter acquisition along with implementing preparation of the re-entry plans for Mt Winter and completion of the ALRA agreement with the CLC and the Traditional Owners,” said Anthony Hamilton, chief executive of Georgina Energy.
“Concurrently, we have completed the evaluation of additional re-entry targets which will shape our post-Hussar and Mt Winter work programme."
View from Vox
Good to see progress on several fronts from Georgina. The proof of course will be in the drilling, but much is already known about Hussar and Mt Winter, so there are plenty of grounds for confidence.