Georgina Energy Acquires 100% of Mt Winter Helium Project

• Georgina Energy has reached an agreement to acquire 100% of the EPA155 (Mt Winter) project from Mosman Oil & Gas for AU$350,000 in cash.
• The acquisition allows Georgina to continue preparations for being granted the Mt Winter exploration permit and strengthens the company's portfolio.
• Georgina is entitled to 100% of returns from future Mt Winter production, less royalties to Mosman, the Northern Territory Government, and Traditional Owners.
• The company remains fully funded and is working towards drilling approval for the massive 350 km2 Hussar prospect in the Officer Basin.
• The Mt Winter acquisition has significant potential benefits for Georgina Energy and increases potential shareholder value from the asset.

Georgina Energy is a helium, hydrogen and natural resources development company focused on establishing itself as a top producer in Australia. The company leverages its experienced management team's expertise to capitalise on opportunities in the critical helium and hydrogen energy sectors. Georgina Energy currently has two principal wholly-owned onshore interests:

• The Hussar Prospect: A 100% working interest in an exploration permit in the Officer Basin of Western Australia
• The Mt Winter Prospect: An initial 75% interest (with potential for 90%) in permit EPA155 in the Amadeus Basin of the Northern Territory, anticipated to be granted in the next 3 months

Acquisition Details

In a strategic move, Georgina Energy has reached an agreement to acquire 100% of the EPA155 (Mt Winter) project currently held by Mosman Oil & Gas subsidiary Oilco Pty Ltd. The AU$350,000 cash purchase will be funded from Georgina's existing reserves, with a AU$50,000 deposit due upon executing the formal Sale and Purchase Agreement. The AU$300,000 balance is payable when the EPA155 exploration permit is officially granted.

As part of the deal terms, Mosman will receive a 2.5% royalty on gross sales from the wellhead. Additional royalties will be paid to the Northern Territory Government (10% of sales receipts less deductions) under the Petroleum Royalty Act 2023 NT and to the Central Land Council (approximately 3-4% on the same basis) to benefit the relevant Traditional Owners. The existing farm-in agreement between Georgina and Mosman will be superseded by this outright purchase, eliminating the need for a Joint Operating Agreement.

Strengthening the Portfolio

The Mt Winter acquisition significantly bolsters Georgina Energy's asset portfolio for a very reasonable price. By securing 100% ownership of the project, Georgina is entitled to all future production returns less the defined royalties. This deal structure enhances Georgina's upside potential and control over the asset's future development.

CEO Anthony Hamilton commented:

"This deal further strengthens Georgina's portfolio and increases the potential shareholder value from this asset. This slight change in the ownership structure will not affect our expected timeline to develop Mt Winter and we are progressing well with the outstanding requirements."

Mt Winter Progress

To move the Mt Winter project forward, Georgina Energy is currently negotiating an Aboriginal Land Rights Act Agreement and will file formal notice with the Northern Territory Department of Mining and Energy to secure the exploration permit. Once the permit is granted and the acquisition closes, the company plans to conduct seismic reprocessing and remapping prior to applying for drilling approval to re-enter the Mt Winter 1 well. The 100% ownership position streamlines the process and aligns with Georgina's anticipated timeline to develop this prospective helium asset.

Fully Funded Growth

Importantly, Georgina Energy remains fully funded to advance its core projects. The company is prudently deploying its cash reserves, including allocating funds for the Mt Winter acquisition, while driving its flagship Hussar prospect towards a pivotal drilling campaign.

At Hussar, Georgina is targeting a massive 350 km2 prospect for helium, hydrogen and natural gas in the Officer Basin of Western Australia. The company is working diligently to obtain drilling approval from the Department of Mining and Energy to unlock the potential of this expansive exploration block. With its solid financial position, Georgina is well situated to continue executing its growth strategy.

Investor Takeaways

The acquisition of 100% of the Mt Winter project marks another key milestone for Georgina Energy as it systematically assembles a robust portfolio of prospective helium and hydrogen assets in Australia. By securing complete ownership and negotiating a favorable royalty structure, Georgina has strategically enhanced the potential returns and shareholder value associated with Mt Winter.

Furthermore, Georgina Energy's disciplined capital allocation approach, exemplified by funding the acquisition from existing cash reserves, demonstrates management's commitment to efficiently advancing its projects while maintaining financial flexibility. With a healthy treasury and a clear roadmap for growth, Georgina is well positioned to create value for shareholders as it progresses both the Mt Winter and Hussar projects in the near term.

As Georgina Energy continues to establish itself as a leading player in the global helium and hydrogen markets, investors should watch closely for additional catalysts on the horizon. Key upcoming milestones include:

• Formal granting of the Mt Winter exploration permit and closing of the 100% acquisition
• Completion of seismic reprocessing and remapping at Mt Winter to refine the drillable prospect
• Submission and approval of the drilling application for the Mt Winter 1 re-entry well
• Progress on securing drilling approval for the flagship 350 km2 Hussar prospect
• Potential partnerships or offtake agreements to underpin future helium and hydrogen production

With its experienced management team, prospective asset base, and strong financial position, Georgina Energy presents a compelling opportunity for investors seeking exposure to the critical helium and hydrogen sectors. As the company diligently executes its strategy and unlocks the value of its projects, shareholders are well positioned to benefit from Georgina's continued growth and success in the dynamic global energy market.