Georgina Energy PLC (LSE:GEX) has received formal approval to drill the Hussar prospect within exploration permit EP513, marking a key milestone in the company’s Australian exploration programme.
The company said it will provide a further update in due course, but the authorisation clears the way for drilling operations to begin at the prospect, which is considered a high-potential target within Georgina’s portfolio.
Shares in Georgina were unchanged following the announcement.
The shares were up 4% at 5.2p.