The search for hydrocarbons in the southern Georgina Basin in central Australia is now focused on assessing the unconventional potential of the Middle Cambrian lower Arthur Creek Formation. Recent regional well correlation studies, supported by a review of nominated type sections and of regional seismic data, and integrating core-based sedimentological, palaeontological, chemostratigraphic, and geochemical information, suggest that the organic rich hot shale at the base of this formation, encountered in wells drilled in the Dulcie Syncline, is not a correlative of the organic rich hot shale encountered in wells drilled in the Toko Syncline. Although similar in lithofacies and mineralogy, the former is significantly older and is more restricted in geographic distribution to an area west of a prominent northwest to southeast trending shear zone in the basement. This interpretation is contrary to correlations presented in recent publications on the geology and resource potential of the southern Georgina Basin by government agencies, various petroleum consultancy firms that have provided estimates of the volumetric potential of the unconventional hydrocarbon resources in the lower Arthur Creek Formation, and several petroleum companies actively exploring in the basin. Any historical inference that simply assumed the lower Arthur Creek Formation hot shale in the Toko domain should be an attractive unconventional target because of the lithological properties of the lower Arthur Creek Formation hot shale observed in the Dulcie domain is not supported by these revised correlations. Pursuit of the basal lower Arthur Creek Formation unconventional play in the Dulcie Syncline and in the Toko Syncline should be done on their respective merits.