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Georgina Energy (LSE: GEX) Lists on the London Stock Exchange

  • AKAP
  • Jul 29, 2024
  • 4 min read

Updated: Aug 6, 2024

Mining Minerals & Metals has completed the reverse takeover of Georgina Energy and announced the admission to the London Stock Exchange under the name "Georgina Energy plc". The company raised £5mm, issuing 40mm shares at GBp12.5/sh. This brings Georgina's market cap to ~£11.2mm with a float of ~90mm shares. Georgina is focused on exploring and developing helium, hydrogen, and hydrocarbons in Australia, with drilling at the Hussar and Mount Winter Prospects set to begin in Q4'24. Combined between both the prospects, Georgina holds an estimated 2U (best case) unrisked prospective resource of ~300bcf of helium, ~310bcf of hydrogen, and ~3tcf of hydrocarbons.

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