Georgina Energy PLC CEO Anthony Hamilton joined Proactive's Stephen Gunnion with more on the company's prospects as it prepares for a mainboard listing on the London Stock Exchange, having recently raised an additional £5 million, reflecting strong institutional interest.
Hamilton highlighted Georgina Energy's focus on redeveloping existing wells in the Amadeus and Officer Basins, known for their helium and hydrogen production. He emphasised the de-risked nature of its exploration strategy, aiming to reenter wells drilled in the 1980s. “We are essentially focusing more on engineering rather than exploration,” he explained.
Discussing market dynamics, Hamilton pointed out the critical role of helium in various industries, such as MRI machinery and nuclear reactors, underscoring the global shortage and increased demand. He also detailed the company's plans for using the new funds, including reentering the Hussar well and executing an MoU with Harlequin Energy for gas storage and transportation.
Hamilton assured that Georgina Energy is committed to progressing its projects and delivering news flow leading up to the December drilling at Hussar. The company’s innovative approach and strategic partnerships position it to meet the growing helium demand effectively.
The company is targeting 30 July for the listing under the ticker 'GEX.'
Visit Proactive's RU-vid channel for more videos. Don't forget to like, subscribe, and enable notifications for future content.
#GeorginaEnergy #HeliumDemand #AnthonyHamilton #LondonStockExchange #EnergyInvestment #HeliumProduction #AmadeusBasin #OfficerBasin #ProactiveInvestors #EnergyMarket#ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
5 сен 2024
