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Eastern Gas clears Venus drilling hurdle but faces the harder flow test

1:30pm on Friday 30th of October, 2026 AEDT • Oil and Gas
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Eastern Gas clears Venus drilling hurdle but faces the harder flow test

1:30pm on Friday 30th of October, 2026 AEDT
Key Points
  • 445 metres of interpreted Macalister Lower coal contact
  • Peak drilling gas reading of 42.3%, not a production result
  • A$2.3 million quarterly exploration expenditure
  • A$654,000 cash and 0.24 quarters of estimated funding
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