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Georgina Energy PLC on Monday said subsidiary Westmarket Oil & Gas Pty Ltd has received formal approval for its well management plan at the Hussar well. Shares in Georgina Energy closed up 16% at 7.83 pence in London on Monday. The onshore helium, hydrogen and hydrocarbon prospects company said approval was granted for drilling activity at Hussar by the Western Australian Department of Mines, Petroleum & Exploration. The approval covers the proposed drilling, well suspension or plug and abandonment and care and maintenance activities, subject to exploration and recovery only occurring as a mixture with hydrocarbons, and under the condition that Westmarket must provide evidence of valid insurance cover prior to the spudding of the Hussar-2 well. Georgina Energy noted that preparation for and access to the Hussar well site cannot be undertaken until final expanded environmental management plans have been approved, at which point the company will begin repairs at the Hussar airstrip and access roads. The firm will also start constructing drilling and camp location pads, as well as water wells. ‘Georgina’s operations team has worked on all the required obligations for the Hussar drilling permit approval in cooperation with the indigenous community representatives,’ said Georgina Energy Chief Executive Officer Anthony Hamilton. ‘We await approval for our extended environmental plan, and look forward to receiving the final drilling approval once all obligations and approvals have been obtained.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
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