Georgina Energy Secures Drill Rig for Hussar Helium and Hydrogen Well in Western Australia

Georgina Energy has executed a drilling contract with Ensign Australia for the upcoming Hussar EP513 drill program in Western Australia, marking a key operational milestone ahead of planned Q3 2026 drilling. 

The Hussar prospect is located in the Officer Basin and will involve re-entering and deepening the existing well to approximately 3,200 metres. The target includes subsalt reservoir formations and fractured Neoproterozoic basement rocks prospective for helium, hydrogen, and natural gas. 

According to the company, independent consultants previously estimated Hussar could contain prospective helium and hydrogen resources alongside a larger natural gas component. Georgina describes the structure as one of the largest onshore subsalt helium and hydrogen prospects in Australia, with approximately 300 km² of areal closure. 

The selected Ensign 970 automated drilling rig is capable of drilling to 5,000 metres and is expected to support a roughly 50-day drilling campaign from spud to completion, subject to operational adjustments. Georgina’s technical consultants are also reviewing suppliers and service providers for casing, cementing, electric logging, mudlogging, gas sampling, and laboratory analysis. 

Ahead of drilling, Georgina’s operations team plans to conduct site inspections in June, including reviews of road access, airstrip upgrades, drill pad preparation, accommodation facilities, and compliance work tied to the approved Well Management Plan. 

Importantly, the company stated that drilling and related infrastructure development at Hussar will be funded solely by Harlequin and its partners, reducing the direct funding burden on Georgina. 

Full press release is attached below:

20th May 2026

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF (A) ARTICLE 7(1) OF UK MAR IN SO FAR AS IT RELATES TO ORDINARY SHARES ISSUED BY GEORGINA ENERGY PLC

Georgina Energy plc

("Georgina", "Georgina Energy" or the "Company")

Hussar EP513 Drill Contract Executed

Georgina Energy Plc (LSE: GEX.L),  a helium and hydrogen exploration company with strategic permits in Australia, is pleased to announce it has executed a drilling contract with Ensign Australia Pty Ltd,  for the supply of the Ensign 970 drill rig for the upcoming drilling at its 100% owned Hussar prospect in EP513, in Q3 2026.

The previously guided drill testing timeline of Q3 2026 is unchanged, and the drill program is planned for 50 days from spud to completion, subject to any changes deemed necessary as the program evolves.

The rig specification is an Automated Drilling Rig-1500 model with a hook load (capacity to lift drill string, tools etc) of 750,000 lbs, capable of drilling to 5,000m depth with 5" drill pipe (prognosed TD of the Hussar well is c.2,800m). The contract terms include contractor obligations, mobilisation, main camp operations, water supply, technical support, key personnel requirements, safety obligations and terms of Force Majeure.

Having received multiple responses to the Requests For Quotes issued, Georgina's technical consultant Aztech Well Construction is reviewing suppliers for casing, wellhead, and service company support for electric logging, casing running and cementing, drilling fluid engineering, wellsite geology, mudlogging and gas sampling/laboratory analysis services.

The Company's operations and technical consultancy teams will be travelling to site in June 2026 to undertake inspections of the access roads repairs, ensure site preparation, as well as the upgrades made to the airstrips, including the supply of an authorised wind directional equipment, along with the preparation of the drill pad and accommodation pad.

The pre-drill site inspections are planned along with work programs to be completed to ensure compliance with the Department of Mines, Petroleum and Exploration's approved Well Management Plan lodged by Georgina's wholly owned operating subsidiary Westmarket Oil & Gas Pty Ltd in 2025. 

The drilling program and site infrastructure works required to develop Hussar into a producing asset will be funded solely by Harlequin and their partners.

Following completion of the pre-drill site inspections, selected images will be posted on the Georgina website for shareholders to view.

Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:

"Georgina is fully committed to the drilling and development of its wholly owned Hussar EP513 Project and I am very pleased to have executed a contract for the supply of an Ensign Drill rig.  The necessary preparatory planning and civil engineering works required are soon to be underway to enable the drill testing of this exciting prospect in Q3 2026. With 300 km2 of areal closure, the Hussar prospect is one of the largest subsalt Helium, Hydrogen and Hydrocarbons prospects on-shore in Australia."

Enquiries

Georgina Energy

Tony Hamilton | via georginaenergy@apcoworldwide.com
Mark Wallace   |  | Tavira Financial Ltd - Financial Adviser and Joint Broker

Jonathan Evans | +44 (0)20 3833 3719
Oliver Stansfield |  |  |  | |  Financial PR                                     georginaenergy@apcoworldwide.com

Violet Wilson | +44 (0)203 757 4980
Georgia Edmonds | 

Notes to Editors

Georgina Energy aims to become a leading player in the global energy market and is focused on establishing itself among the top producers of Helium and Hydrogen worldwide. With a strategic approach and leveraging the experienced management team's expertise, Georgina Energy aims to capitalize on opportunities in these critical energy sectors.

Georgina Energy has two principal onshore interests held through its wholly owned Australian subsidiary, Westmarket O&G.  The first, the Hussar Prospect is in the Officer Basin in Western Australia and Westmarket O&G holds a 100% working interest in the exploration permit.  The second, the EPA155 Mt Winter Prospect, is located in the Amadeus Basin in the Northern Territory, subject to completion of the Sale Agreement Georgina Energy will hold a 100% working interest and the Amadeus Basin is known for Helium, Hydrogen and Hydrocarbon reservoirs with drilled  occurrences of high concentrations of these gases (up to 9.5%, 11% and 40% respectively).

In line with market demand trends, Georgina Energy is well-positioned to capitalize on the growing gap between supply and demand for hydrogen and helium with the resource potential of EPA155 Mt Winter, EP513 Hussar for their potential accumulations.

For more information visit https://www.georginaenergy.com