Georgina Energy (GEX) , an Australia-focused natural resources explorer, is on the verge of securing drill approval for its flagship project EP513 Hussar in the Officer Basin, Western Australia, targeting significant prospective resources of natural gas, hydrogen and helium.
Georgina has submitted a revised Environmental Management Plan (EMP) to support formal approval of its drilling application at Hussar EP513. Its wholly-owned subsidiary Westmarket Oil & Gas has been working closely with Western Australia's mining regulator DPME (formerly DEMIRS), Traditional Owners (MNR) and the Central Desert Native Titles Services (CDNTS) to secure final drill approval.
Georgina expressed confidence that DMPE will issue the approval promptly.
Anthony Hamilton, CEO of Georgina Energy, commented: "Georgina's operations team and consultants have worked closely in cooperation with indigenous community representatives over a considerable period to ensure all the required obligations for the granting of the Hussar drilling approval are completed. We appreciate our shareholders' patience in this process as it has been impacted by matters beyond our control."
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Georgina Energy moves one step closer to securing drill approval from Western Australia mining regulator DPME for Hussar-2, part of its flagship project EP513 Hussar in the Officer Basin, Western Australia. In July 2025, DPME approved Georgina's well management plan for Hussar-2, leaving only a revised EMP to be cleared before final approval is granted.
In late 2024, Georgina commissioned a resource study for Hussar EP513 that resulted in a 20% resource upgrade across the main commodities helium, hydrogen and hydrocarbons, alongside an increase in the exploration footprint by 50km2. The resource boost necessitated additional applications to DPME (then DEMIRS), such as the revised EMP, which should be greenlit in the coming weeks. As this is the final requirement, drill approval should follow shortly after.
Once final drill approval is granted, Georgina will undertake repairs at the Hussar airstrip, access roads, and begin to construct drilling and camp location pads and water wells. Hussar's well re-entry process is expected to take approximately 50 days. The extension of the exploration footprint by 50km2 should unlock additional well targets and prospective resources.
Hussar is considered one of the most lucrative resource basins in the Asia-Pacific region. Following the 20% resource upgrade, the asset is estimated to host unrisked 2U prospective resources of 196 bcfg of helium, 218 bcfg of hydrogen and 2.03 tcfg of hydrocarbons.
In February 2025, GEX announced a scoping study covering Hussar that confirmed the asset's excellent economics and potential to produce commercial quantities of helium, hydrogen, and natural gas. The study's base case established a robust framework for Hussar's commercial development, with a 40 MMscfd raw gals flow scenario, generating a 27.3% IRR and US$1.64bn NPV.
While Georgina is still in the pre-revenue phase, it has made substantial progress over the past year in de-risking its assets in Australia and advancing toward drill-ready status. With a focus on launching its maiden drilling campaign at Hussar, alongside the Mt Winter-1 well reentry program at EPA155, the company is poised to unlock significant value over the next year.
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