Georgina Energy Publishes Scoping Study for Hussar & Mt Winter Projects
Why we think this is neutral
This RNS announcement does not contain any of the mandatory news types, such as contract news, order news, trading update, or annual results. It is a general update on the company's scoping study for its Hussar and Mt Winter projects.
Key Points
- Scoping study confirms potential for commercial gas field development at Hussar
- Estimated capital expenditure of US$1.13 billion and gross annual revenue of US$470.8 million
- Internal rate of return of 27.3% based on 40MMscfd raw gas flow scenario
- Company in discussions with potential offtake partners
Summary
The energy company has published a scoping study evaluating the potential commercial development of its Hussar and Mt Winter projects in Australia.
Georgina Energy has published the scoping study for its Hussar and Mt Winter projects in Australia. The study confirms the potential for a commercial gas field development at Hussar, capable of producing helium, hydrogen, LNG, and argon. Key financial estimates include a capital expenditure of US$1.13 billion, gross annual revenue of US$470.8 million, and an internal rate of return of 27.3%. The company is currently in discussions with potential offtake partners.
Key Dates
25 February 2025
Publication of Scoping Study to Hussar & Mt Winter
GENERAL UPDATE