Helium and hydrogen specialist Georgina Energy makes its stock market debut.
Georgina Energy PLC has completed its reverse takeover transaction with Mining, Minerals & Metals PLC to become one of a growing cohort of helium companies listed on the London Stock Exchange.
It has raised £5 million in new funding, which will be invested in developing its first well on the Hussar licence area in Western Australia, which is also prospective for hydrogen and natural gas. Drilling is expected to get underway in December.
Anthony Hamilton, chief executive, said:
We believe Georgina Energy has the potential to be a leading player in the energy market and we are incredibly excited for the future of the company.
“I would like to thank everyone involved thus far and look forward to continuing to work with all our stakeholders as we embark on this exciting journey.”
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Helium and hydrogen specialist Georgina Energy makes its stock market debut. source
