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Georgina Energy (GEX) said pre-drill site works are nearing completion at its Hussar prospect in Western Australia, keeping the company on track for a September spud as part of its Q3 2026 drilling programme.

Georgina Energy advances Hussar pre-drill works ahead of September spud

Georgina Energy (GEX) has increased its recent equity fundraising to £2 million after completing an additional £500,000 placing on the same terms as its £1.5 million July raise.

Georgina Energy completes additional raise taking total funding to £2 million

Georgina Energy (GEX) has raised about £1.5 million through a placing of 16,666,666 new ordinary shares at 9 pence per share. The placing was conducted by Clear Capital, with the funds earmarked primarily to progress the company's work programmes and strengthen working capital.

Georgina Energy raises £1.5 million to advance work programmes

Georgina Energy (GEX) has moved a step closer to drilling its flagship Hussar prospect in Western Australia after the water well contractor mobilised to site ahead of the planned Q3 2026 exploration programme.

Georgina Energy advances Hussar drilling as site mobilisation begins

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Georgina Energy advances Hussar pre-drill works ahead of September spud

Georgina Energy completes additional raise taking total funding to £2 million

Georgina Energy raises £1.5 million to advance work programmes

Georgina Energy advances Hussar drilling as site mobilisation begins