Georgina Energy Plc, GEX.L wishes to advise the Company's subsidiary, Westmarket Oil & Gas Pty Ltd ("Westmarket"), has received formal approval of its Well Management Plan for drilling activity at Hussar from the Western Australian Department of Mines, Petroleum and Exploration ("DMPE") - formerly the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS).
The approval from the DMPE for the submitted Well Management Plan for Hussar (WMOG-DR-PL-02 Rev2) covering the proposed drilling, well suspension or plug and abandonment and care and maintenance activities, is subject to the following conditions:
· the exploration and recovery of Helium is permitted only when it occurs as a mixture with hydrocarbons
· Westmarket must provide evidence of valid insurance cover for the drilling activity prior to the spudding of the Hussar-2 well
Final Drilling Approval: Once Westmarket has received approval for the final expanded environmental management plans, and the final approval is granted as required under legislation pursuant to regulation 13(1)c of the RMAR (Resource Management and Administration Regulations), DMPE will issue the drilling approval.
For the avoidance of doubt, preparation of, and access to, the Hussar Well site cannot be undertaken until final expanded environmental management plans are approved as part of the drill approval. The Company will then undertake repairs at the Hussar airstrip and access roads, and begin to construct drilling and camp location pads, as well as water wells.
Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:
"Georgina's operations team has worked on all the required obligations for the Hussar drilling permit approval in cooperation with the indigenous community representatives. We await approval for our extended environmental plan, and look forward to receiving the final drilling approval once all obligations and approvals have been obtained."