Georgina Energy (LSE:GEX) has received formal written notice from Central Petroleum that the counterparty is terminating their share purchase agreement dated 11 November 2025 with immediate effect.
The SPA, under which Georgina had agreed to acquire the entire issued share capital of certain of Central Petroleum's subsidiaries, could not be amended to the parties' mutual satisfaction, the company said.
The board said it will continue to pursue Georgina Energy's strategic objectives and will make further announcements as and when appropriate.
