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Macallum New Energy turns seismic gains into a 2027 drilling test
9:26am on Friday 30th of October, 2026 AEDT
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Oil and Gas
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Macallum New Energy turns seismic gains into a 2027 drilling test
9:26am on Friday 30th of October, 2026 AEDT
Key Points
A$0.815 million cash at 30 September, or 0.8 quarters of funding
Approximately A$3 million placement at A$0.14 per share
EP 494 updated to 1,860 PJ of 2U prospective sales gas and 63.7 MMbbl of 2U oil
Farm-out process underway for up to two exploration wells in late 2027
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