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IN BRIEF: Georgina Energy shares rise on Hussar drilling approval

ALN

Gerogina Energy PLC - London-based onshore helium and hydrogen explorer with Australian licences - Says it has received formal approval to drill well EP513 at the Hussar project in Western Australia, with a further statement planned ‘in due course’. This follows approval of its environmental management plan by the Department of Mines, Petroleum & Exploration last week, when the company noted regulation permitting helium exploration and recovery ‘only when it occurs as a mixture with hydrocarbon’. It plans to extract helium, hydrogen and natural gas at Hussar.

Current share price: 5.40 pence, up 8.0% on Thursday afternoon in London

12-month change: down 42%

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