Latest Energy News

Elixir Energy has told ASX that its $205 million strategic farm-out with Beach Energy was material price-sensitive information and became disclosable when documents were signed. The company says it released the deal before trading resumed and remained compliant with continuous disclosure rules.

NuEnergy Gas has begun construction of its Tanjung Enim coal bed methane project, with the early production facilities now 48% complete and first gas sales still targeted for Q1 2027. The project has also gained Indonesian National Strategic Project status, while the company ended the quarter with A$2.677 million in cash.

Energy World has received US$60 million directly from Hallador Energy and secured a further US$265 million in escrow after delivering two gas turbines. The remaining payments depend on inspection, refurbishment and completion milestones expected by February 2027.

Echelon Resources’ newly tied-in Palm Valley 14 well has seen its gas rate fall to around 0.5 TJ/d, well below the 3-4 TJ/d potential indicated by pre-completion testing. The joint venture is assessing whether water loading is limiting output while Palm Valley 15 continues drilling.

Kinetiko Energy has moved its Brakfontein project closer to production, adopting a Phase 1 development plan and advancing permitting and CNG engineering. The progress comes with only 1.54 quarters of funding available, leaving the company reliant on pending capital and project payments.

Gold Hydrogen has secured up to $2 million against its verified FY2026 R&D claim and can seek a further $4 million against FY2027 expenditure. The funding gives the explorer near-term support for well-testing analysis and commercialisation studies, but carries a 16.5% annual interest rate and security over its R&D claims.

Botala Energy has secured A$1.35 million in a targeted placement to fund flow testing at its Serowe coal bed methane project, reserves certification and the final Phase 2 feasibility study. The raise also provides near-term funding while a proposed A$3.6 million investment from Botswana’s MDCB remains subject to commercial agreements.

Equus Energy has secured a binding conditional 10-year gas sales agreement with Alcoa covering about 50 TJ a day, while receiving US$1.5 million to fund the next stage of project partnering. The milestone strengthens the commercial case for the Equus Gas Project, but the development remains pre-FID and requires substantial capital, partners and approvals.

Energy World has completed a major delivery milestone in its US$350 million turbine sale, receiving US$50 million and securing a further US$265 million in escrow. Most of the remaining proceeds still depend on inspection, refurbishment costs and final completion in early 2027.

Prominence Energy has outlined 4,001 Bscf of gross unrisked 2U natural hydrogen prospective resources across 28 Northern Hinge leads in South Australia. The scale is notable, but the portfolio remains undiscovered, permits are still pending and RISC Advisory flagged potentially optimistic trap and seal assumptions.

Genesis Energy’s FY27 first quarter brought two tangible milestones for its growth plan: the first Huntly battery is commissioned and Leeston Solar Farm has reached final investment decision. The quarter also showed how favourable hydro conditions are reshaping generation, gas use and wholesale-market exposure.

Kinetiko Energy’s Brakfontein test wells delivered sustained gas flows well above the commercial threshold used in its prior reserve assessment, strengthening the case for a staged South African development. But the company ended the year with just A$478,634 in cash and restricted funds, prompting its auditor to flag a material going concern uncertainty.