Georgina Energy has received formal approval from the Western Australian Department of Mining, Petroleum and Exploration ('DMPE') to drill the Hussar Prospect in EP513.
The drilling approval allows Georgina Energy via its 100% wholly owned subsidiary, Westmarket Oil and Gas Pty Ltd, to extract Helium, Hydrogen and Natural Gas from the Hussar Prospect.
The approval also enables the Company to commence works on infrastructure comprising access roads, drilling pad and airstrip to facilitate the mobilisation of a drilling rig and support equipment to site.
The Company will make a further statement in due course.
Anthony Hamilton, Chief Executive Officer of Georgina Energy, commented:
'The formal drilling approval is the result of an intensive effort since December 2024 and we are looking forward to commencing the necessary pre-drilling works required." The Company can now proceed to extract Helium, Hydrogen and Natural Gas from the Hussar Prospect, one of the largest un-tested structures onshore in Australia.'
Background
The Hussar prospect lies in the Officer Basin, Western Australia in exploration permit EP513 (SPA 0036).
It lies near to the Gunbarrel Highway some 1600km from Port Hedland in WA and a similar distance from Darwin. Georgina Energy intends to re-enter and deepen the EP513 Hussar well to a depth of 3,200m for helium, hydrogen and natural gas. Hussar as a potential in-situ value of US$55bn of helium and hydrogen, and US$5.24bn of natural gas.
Source: Georgina Energy
