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Mining, Minerals & Metals plc ( (GB:GEX) ) has provided an update.
Georgina Energy plc has announced the execution of a Share Sale Agreement to acquire Oilco Pty Ltd, securing the permit for EPA155 at Mt Winter. This acquisition includes a strategic deposit payment to Mosman Oil & Gas, with further payments contingent on permit grants. The company’s operations are set to expand with updated seismic data interpretation and planned drilling approval applications at Mt Winter. Additionally, environmental studies at the Hussar prospect in Western Australia face delays due to adverse weather conditions. The acquisition strengthens Georgina’s asset portfolio, potentially increasing shareholder value and enhancing its industry position.
More about Mining, Minerals & Metals plc
Georgina Energy plc is an Australian company specializing in the development of helium, hydrogen, and natural resources. It aims to establish itself as a leading global energy market player, focusing on helium and hydrogen production. The company operates through its wholly-owned subsidiary, Westmarket Oil & Gas Pty Ltd, with principal interests in the Hussar Prospect in Western Australia and the Mt Winter Prospect in the Northern Territory.
YTD Price Performance: -15.62%
Average Trading Volume: 1,595,935
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £6.06M
For an in-depth examination of GEX stock, go to TipRanks’ Stock Analysis page.
