Georgina Energy PLC (LSE:GEX) CEO Anthony Hamilton takes Proactive's Stephen Gunnion through the latest operational progress at the company's Hussar and Mt Winter projects.
At Hussar, Hamilton explained that the Environmental Impact Statement (EIS1) has been completed, although the addition of 50 square kilometres to the project area means a further EIS2 study is required. Site access for required surveys is scheduled for next week, with the final report expected to be submitted by May.
Discussing Mt Winter, Hamilton highlighted the completion of the share sale agreement and ongoing steps to finalise the Aboriginal Land Rights Access Agreement (ALRA). Once approved by the minister, Georgina Energy expects the formal granting of the exploration permit. The company has also engaged consultants to reinterpret seismic data, with an updated resource assessment anticipated in April.
Additionally, Georgina Energy has been evaluating historical oil wells for potential reentry. Initially reviewing over 200 wells, the company has now narrowed its focus to two viable targets. Discussions with ownership parties are ongoing, and Hamilton noted that any material developments will be disclosed via an RNS.
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