Georgina Energy plc, GEX.L is pleased to provide an update on the successful completion of a preliminary site inspection at Hussar EP513 completed by the Company and its consultants.
Hussar EP513 Preliminary Site inspection
The Company's representatives conducted a site visit to Hussar EP513, commencing on 18 November 2024. The primary objective of the site visit was to complete Heritage Monitoring, a flora and fauna survey as part of an Environmental Impact Study and civil engineering site inspections of access roads and the airstrip.
The reports following the preliminary site visit will be submitted to the regulators, DEMIRS, in support of the Company's drilling approval application. All relevant reports will be lodged with DEMIRS within the next 10 days. The reports are in addition to revised seismic mapping from reprocessed seismic data which will also be submitted to DEMIRS as part of the drilling approval process to re-enter Hussar.
Site Visit Results
The Company is pleased to report that:
· Access roads, the drilling site and the airstrip remain in good serviceable condition despite recent heavy rain.
· The on-site water access well was inspected and confirmed to be serviceable. Additional potable water sources at the Madley 1 wellsite were identified.
· The Heritage Monitoring and Environmental Impact Study has been completed by Low Ecological Services and Traditional Owners.
· The Company, and representatives of Aztech Well Construction, utilised the local facilities at Carnegie Station for accommodation and other support services, which provides direct access by road to the Hussar permit area.
· Once commenced, the fully funded re-entry process is expected to take approximately 50 days.
· The Company has paid the 2024 Annual Compensation permit under the Land Access Agreement with the Birriliburu Native Title Benefits Discretionary Trust.
· Photographs taken at Hussar EP513 and other locations attended during the site visit can be found on the Company's website: https://www.georginaenergy.com/hussar-ep513-site-visit/
Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:
"Our preliminary site visit to EP513 was highly successful, with all of our objectives achieved and multiple successful results. Georgina continues on its path focused on re-entering Hussar and bringing Mt Winter to pre-drill as part of our program to develop low-risk helium, hydrogen and natural gas projects in Australia."
