Georgina Energy boosts Mt Winter helium and hydrogen resource; indentifies new structural closure

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3d ago 6:24

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Georgina Energy PLC (LSE:GEX) CEO Anthony Hamilton talked with Proactive's Stephen Gunnion about a significant resource upgrade at the Mt Winter prospect, following extensive reprocessing and interpretation of seismic data. Hamilton said the new data revealed the Heavitree formation could be intersected at a shallower depth than previously expected, reducing the target depth from 3,200m to 2,900m. He explained that the reprocessed seismic improved resolution and led to a 15% increase in the net attributable 2U helium and hydrogen resources, along with a 3% uplift in hydrocarbons. "The new resource 2U or P50 for helium is 127 at 75%. If we go to 100% it'll be 169," Hamilton stated, adding that the full acquisition of the oil company will increase Georgina Energy’s legal ownership from 75% to 100%. He also highlighted the identification of a new 60km² structural closure in the permit area, previously undetected by the company or its competent person. This area shows promise for further exploration, especially given historical concentrations of helium and hydrogen in the region. Hamilton confirmed that reentry planning and engineering work are underway, alongside continued negotiations for exploration permits under the Aboriginal Land Rights Access Agreement (ALRA). A revamped, more interactive and investor-friendly website has also just gone live. He also flagged the company's new website, where investors can find additional information: https://www.georginaenergy.com Visit Proactive's YouTube channel for more company updates and exclusive interviews. Don’t forget to like the video, subscribe, and turn on notifications for the latest insights. #GeorginaEnergy #HeliumExploration #MtWinter #HydrogenResources #SeismicData #NaturalGas #EnergyUpdates #MiningNews #ProactiveInvestors #HeliumMarket

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