Qatar strikes have removed roughly 1/3 of global helium supply. Buyers are reassessing where their helium comes from.
#GEX is advancing Australian helium at Hussar & Mt Winter, in a jurisdiction that doesn’t carry risk.
Pre-drill works underway at Hussar
https://t.co/rwaobJ5nTR
#GEX Hussar EP513 pre-drill works underway.
Contractors on site, access and airstrip works progressing, drill pad/camp site prep and water well(s) underway ahead of planned re-entry drilling programme.
RNS: https://t.co/d33LWbU9O6
#GEX confirms drill contract executed for Hussar EP513, securing Ensign 970 rig for planned re-entry well.
Focus now on final site prep and procurement ahead of mobilisation.
More milestones to come.
Hussar remains one of the largest onshore subsalt #Helium, #Hydrogen & hydrocarbon prospects in Australia 🇦🇺
Civil works are underway & drill testing targeted for Q3, #GEX advancing toward key milestones
Targeting 2U Prospective Resources:
283 Bcf He | 315 Bcf H₂ | 2.9 Tcf Gas
#GEX Warrant exercise, generating gross proceeds of approximately £736,000.
🔹Funding for work programmes
🔹Supports general working capital
RNS: https://t.co/XuSdU18Y2g
#GEX Hussar EP513 pre-drill works underway.
🔹Contractors on site, access + airstrip works progressing
🔹Drill pad, camp site, water well(s) being prepared
🔹300 km² closure, one of largest subsalt He/H2/gas plays onshore Australia
Preparing for Q3 2026 drill programme.
View from Vox
#GEX is moving from planning into execution at Hussar, with ground works providing visible progress ahead of drilling
Given the scale of independently assessed prospective resource, upcoming re-entry well will be a key operational milestone
https://t.co/tE3vGmbZxO
#GEX has commenced pre-drill civil works at Hussar EP513.
Contractors on site progressing airstrip and access route, with drill pad/camp preparation and water well installation underway ahead of planned re-entry drilling programme.
RNS: https://t.co/d33LWbU9O6
#GEX signs drilling contract with Ensign Australia for the Ensign 970 rig ahead of the Hussar EP513 campaign in Q3 2026.
🔹 Targeting helium, hydrogen & natural gas
🔹 Officer Basin, Western Australia
🔹 Planned depth: 3,200m
🔹 Site visit late June 2026
Read More: https://t.co/bRF602bg1Q
#Helium back in focus as supply tightens globally, with 30–35% supply disruption reported
🔹Higher prices & buyer activity
🔹Spotlight shifting to new geological helium sources
#GEX advancing toward funded drilling at Hussar in Q3.
via @StockheadAU
https://t.co/ip1WTJGP5G
#GEX View from @VOXmarkets
"The selection of a drilling rig marks a key step forward as it moves closer to testing Hussar.
The company’s continued progress on planning and regulatory work supports its target to drill in the third quarter of 2026."
https://t.co/qa3cA26XhB
#GEX selects Ensign Australia for Hussar EP513 drilling, with the Ensign 970 (ADR-1500) pending final contract terms.
Prep works & RFQs ongoing, with Harlequin/Schlumberger supporting a non-dilutive offtake structure.
Q3 2026 target intact.
RNS: https://t.co/jWepHKRQrY
#GEX remains on track toward final rig selection for Hussar EP513.
Ensign ADR-1500 remains a suitable option, with multiple rigs available ahead of final allocation.
Planning remains aligned with the Q3 2026 drilling timeline.
Next step: confirm rig allocation
View from Vox
"#GEX is progressing access works, procurement & service planning while securing potential funding through Harlequin.
Q3 drilling could mark a significant test of one of the largest subsalt helium & hydrogen prospects onshore Australia."
https://t.co/zbfPiuafs4
#GEX Hussar EP513 drill update:
🔹Ensign ADR-1500 rig under contract review
🔹Capable of drilling to 5,000m
🔹Water well, access roads & airstrip prep progressing
🔹RFQs issued for drilling services
Civil engineering access & site works in Q2, 2026
RNS: https://t.co/ZhTxI0P8x5
#GEX View from Vox
"Hussar drilling programme is moving from planning toward execution.
Structured offtake funding arrangement with Harlequin Energy means the preparatory works and drilling programme can move forward without dilution for shareholders"
https://t.co/0iBM3KtQv7
Upstream Online: #GEX is stepping up its Australia drilling campaign, advancing Hussar toward drilling and focusing on re-entry/appraisal in a “safe jurisdiction”.
Great industry coverage following Tony’s interview.
📰(Paywalled) https://t.co/SLiBrE6Mos