UK-based Halo Capital has partnered with engineering consultancy Penspen to accelerate the development of two of Australia’s most significant energy redevelopment projects, unlocking vast helium and hydrogen reserves critical to global supply chains and renewables.
In August 2025, Australian exploration company Georgina Energy granted Halo Capital a 12-month nonexclusive option to acquire the rights to 100% of helium, hydrogen and natural gas produced from its two large-scale gas redevelopments.
Together, with the expertise of Penspen, the companies aim to position Australia as a leading supplier of helium, hydrogen and hydrocarbons for Asia Pacific and beyond.
Hussar, located in Western Australia’s Officer Basin, and Mt Winter in the Amadeus Basin, Northern Territory, are recognised as prospects of significant national importance. With proven reserves and fresh drilling applications underway, both sites have the potential to deliver significant volumes of helium and hydrogen.
Upon securing funding, Halo Capital will be responsible for the delivery of processing facilities, including separation units for helium, hydrogen and cryogenic purification systems.
Once operational, they will be solely responsible for storage, transport, export, trucking helium to Darwin, and converting ammonia to hydrogen.
The agreement will enable Westmarket Oil & Gas, Georgina Energy’s wholly owned Australian subsidiary, to sell gas at the wellhead in its raw state, subject to a formal contract on commercial terms.
Penspen CEO Peter O’Sullivan said, “We are delighted to work with Halo Capital as engineering partner on this transformative development in Australia.
“Our unwavering aim is to improve access to secure and sustainable energy, and Hussar and Mt Winter offer tremendous potential to address the growing gap between supply and demand for helium, as well as further develop hydrogen’s critical role in decarbonising global industrial sectors.”
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