Georgina Energy shares rise as Hussar gets key green light – to test for helium, hydrogen and natural gas at the site
Georgina Energy PLC (LSE:GEX) shares moved higher in Wednesday’s deals thanks to formal approval for its environmental management plan at the Hussar Prospect in Western Australia.
The approval was granted by the Western Australian Department of Mines, Petroleum and Exploration and covers activities under Exploration Permit EP513.
This permit allows the company to test for helium, hydrogen and natural gas at the site. And, it is the final regulatory requirement before full drilling approval can be issued.
The company told investors it will now begin site preparations, including repairs to the airstrip, access roads and drill pad construction.
CEO Anthony Hamilton, said:
Georgina’s operations team has worked tirelessly to overcome numerous obstacles since December 2024, including extraordinary weather events, flooding, restricted access, expanded resource profiles and detailed undertakings,
“This environmental plan approval is the final step required ahead of the drilling approval, allowing the company to extract helium, hydrogen and natural gas at Hussar.”
In London, Georgina Energy shares moved up 6.7% to change hands at 5.07p – and earlier reached as high as 7p per share.
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Georgina Energy shares rise as Hussar gets key green light – to test for helium, hydrogen and natural gas at the site, source
