• Georgina Energy provides operational update on Hussar-1 well following LSE readmission

  • Aug 13 2024
  • Duración: 7 m
  • Podcast

Georgina Energy provides operational update on Hussar-1 well following LSE readmission

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  • Georgina Energy PLC (LSE:GEX) CEO Anthony Hamilton takes Proactive's Stephen Gunnion through the company's latest operational update and its rapid progress following its admission to the main markets of the LSE. Hamilton explained that Georgina Energy listed on the 30th of July and released an operational update just days later. The update focuses on the development of the Hussar-1 well in Western Australia, with drilling operations set to commence in December. Key activities include commissioning a scoping study for capital and operating cost estimates, negotiating contract terms for gas separation, and ensuring reimbursement for development costs. Hamilton also discussed the process of obtaining drilling permits, which includes updating environmental impact studies and completing drilling plans for submission to DEMIRS (Department of Energy, Mines, Industry Regulation and Safety). Additionally, new seismic data and AMPTP surveys will help quantify the scale of the Hussar resource and identify any additional structures. At Mt Winter, progress is being made with indigenous land agreements, essential for obtaining the full exploration permit. Hamilton highlighted that the developments at Hussar will serve as a model for operations at Mt Winter, ensuring efficient replication of processes. Visit Proactive's YouTube channel for more videos, and don't forget to give the video a like, subscribe to the channel, and enable notifications for future content. #GeorginaEnergy #OperationalUpdate #HussarWell #WesternAustralia #AnthonyHamilton #EnergySector #LSE #GasExploration #SeismicData #EnvironmentalImpact #DrillingPlans #ProactiveInvestors #InvestmentUpdates #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
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