Latest Energy News

KALiNA Power says its Alberta gas-fired generation portfolio is moving closer to commercial contracting as data centre demand, regulatory reform and grid access rules converge. The company ended the September quarter with A$11.4 million in cash, no debt and an estimated 13 quarters of funding at its current operating burn.

Central Petroleum’s first new Palm Valley well is producing around 0.5 TJ/d, well below pre-completion expectations of 3-4 TJ/d, with water loading a possible cause. Cash fell to $14.9 million as drilling costs rose, leaving the company reliant on a planned clean-out and the next well, PV15, to restore momentum.

Botala Energy has achieved continuous gas flow from stimulated well 3.5B at its Serowe coal bed methane project in Botswana. The technical milestone comes with a significant funding constraint: cash stood at A$286,000 at quarter end, before a subsequent A$1.35 million placement and planned share purchase plan.

Tlou Energy has temporarily shut Lesedi 6 after recurring coal-fines inflows and pump inefficiencies, leaving Lesedi 4 to carry ongoing production testing. Kala Data Centre remains at proof-of-concept scale while Tlou holds just A$57,000 in unaudited cash and seeks funding for its next development phase.

Energy One has completed its acquisition of European energy software business GMSL, issuing 7,089,780 shares to Fluxys in the process. Fluxys is now Energy One’s largest shareholder and has secured a board seat through nominee director Erik Vennekens.

Brookside Energy completed its Suttles drilling and stimulation program and began early sales from the Sabres and Whalers wells, but quarterly production and realised prices declined. The company also added producing assets through a US$1.114 million acquisition while funding-heavy development pushed cash down sharply.

Woodside has signed a 20-year agreement to supply QatarEnergy with up to 3 million tonnes of LNG a year from its Louisiana LNG project. The deal adds a major customer alongside Uniper, although pricing and contract value remain undisclosed.

HyTerra Limited (ASX: HYT) will not proceed with a second McCoy-1 test for now after the Kansas well produced only about 0.1 Mscf/d of gas, with air-corrected hydrogen of 0.4%. The company is reassessing the Ridge Play while shifting attention to its larger Rift Play and preserving cash.

D3 Energy has expanded its South African acreage and secured Strategic Integrated Project status after drilling two gas-bearing wells at Nooitgedacht. A 5.2% helium sample is encouraging, but production testing, methane retesting and funding remain unresolved.

Strike Energy has selected Hancock Energy’s Belisama facility as the preferred processing route for West Erregulla and agreed terms for up to A$30 million in pre-FID funding. Walyering production and reserves also improved, but Strike ended the quarter with A$40.16 million in cash, no undrawn debt and A$188.01 million drawn.

Buru Energy has booked 15.25 million boe of 2P reserves for its Rafael gas and condensate project, while advancing environmental and production approvals. The company has $2.5 million in cash, no debt and only 1.24 quarters of estimated funding at its reported expenditure rate, making the next financing a critical step.

Pancontinental Energy has expanded the prospective resource inventory at its offshore Namibia project while advancing seismic reprocessing and farm-out talks. Yet the annual report flags a material uncertainty over the company’s ability to continue funding exploration without new capital or a partner.