Georgina Energy Completes Key Pre-Drill Preparations for Hussar EP513 Project in Western Australia

Pre-Drill Site Works Completed at Hussar EP513

Georgina Energy Plc has announced that contractors have successfully finished critical pre-drill site activities for the Hussar EP513 project. These works involved clearing and grading the drill pad, site pad, accommodation pad, and camp site. Initial evaluations confirmed that gravel and clay compositions are appropriate for precise leveling and compaction, marking a significant advancement in preparation for the forthcoming drilling campaign.

The company also reported the completion of airstrip repairs and expansion, now fully operational and equipped with a new wind direction indicator. This upgrade is crucial for supporting logistical operations. Furthermore, a water well site has been selected to enable water well drilling before the rig’s mobilisation, ensuring all necessary resources are secured ahead of drilling.

Strategic Value of the Hussar Prospect

Situated within the Officer Basin in Western Australia, the Hussar prospect ranks among the largest subsalt helium, hydrogen, and hydrocarbon targets onshore in Australia. Covering 300 kmb2 of areal closure, it offers Georgina Energy a substantial opportunity to access valuable natural resources. The planned EP513 Hussar well will be drilled to a depth of 3,200 metres, focusing on primary subsalt reservoirs such as the Townsend Formation and fractured Neoproterozoic basement lithologies.

Independent assessments estimate the Hussar prospect holds net attributable 2U Prospective Resources of 155 billion cubic feet of helium and 173 billion cubic feet of hydrogen. The combined in-situ resource value is approximated at US$55 billion, with helium priced at US$350 per thousand cubic feet and hydrogen at US$2.65 per kilogram. Additionally, the prospect contains net attributable 2U Prospective recoverable natural gas resources of 1.73 trillion cubic feet, with an estimated in-situ value of US$5.24 billion.

Infrastructure and Logistics Enhancements

Beyond site preparations, Georgina Energy has completed grading and repairs on the Gunbarrel Highway to support multiple semi-trailer loads, a vital logistical route for transporting equipment and materials to the drilling site. Access tracks along seismic lines from the wellsite to the Gunbarrel Highway have also been cleared and graded, further improving infrastructure readiness.

The company highlighted that these efforts ensure compliance with the Department of Mines, Petroleum and Exploration’s approved Well Management Plan. Remaining pre-drill tasks, including final leveling and compaction, are scheduled for completion to meet regulatory standards. The targeted spud date remains September 2026, consistent with the company’s strategic timeline.

Ensign 970 Drill Rig Mobilisation

Georgina Energy has secured the Ensign 970 drill rig for the Hussar EP513 project. The rig’s mobilisation to the site will commence upon completion of all preparatory works, marking a critical phase as drilling operations are set to begin. The anticipated spud date in September 2026 signals the start of a significant exploration period.

The rig’s successful deployment and operation are essential for evaluating the Hussar prospect’s potential. Investors are expected to monitor these developments closely, as they are central to Georgina Energy’s ambition to become a leading producer in the global helium and hydrogen markets. Effective execution of the drilling programme will be pivotal to the company’s future growth.

Georgina Energy’s Market Position and Expansion Plans

Georgina Energy is focused on establishing itself as a premier helium and hydrogen producer, leveraging increasing global demand. The company’s Australian subsidiary, Westmarket Oil & Gas Pty Ltd, holds a 100% working interest in the Hussar EP513 exploration permit, one of its key onshore assets.

In addition to Hussar, Georgina Energy is advancing other projects within Australia’s energy sector, including the EPA155 Mt Winter Prospect in the Amadeus Basin, Northern Territory, as well as exploration initiatives at Mt Kitty and Dukas. These projects collectively position the company to capitalize on the widening supply-demand gap for hydrogen and helium, offering substantial growth prospects.

Risks and Challenges Ahead

Despite promising opportunities, the Hussar EP513 project involves inherent risks. Successful drilling depends on timely mobilisation of the Ensign 970 rig and completion of all site preparations. Delays or operational challenges could affect project timelines and financial outcomes.

Moreover, realizing the estimated resource potential is subject to geological and technical uncertainties. Exploration and production of helium, hydrogen, and hydrocarbons require precise management and execution. Georgina Energy must effectively navigate these complexities to fulfill its strategic goals and generate shareholder value.

Investor Outlook and Upcoming Updates

Investors will closely observe Georgina Energy’s advancement of the Hussar EP513 project, particularly its ability to meet the September 2026 spud date and execute drilling successfully. The substantial resource estimates and potential in-situ values present a compelling investment opportunity, contingent on effective project delivery.

The company has pledged to provide ongoing updates, including additional site photographs for shareholders, reinforcing transparency and investor confidence. Georgina Energy’s strategic emphasis on helium and hydrogen production aligns it well to benefit from evolving market demands and deliver long-term shareholder value.