Latest Energy News

Pancontinental Energy has upgraded its Saturn Complex prospective oil resources to 4 billion barrels net, supported by new basin modelling and seismic studies. The company is advancing environmental assessments and farmout discussions amid encouraging regional exploration activity.

HyTerra Ltd reports breakthrough drilling results with hydrogen concentrations up to 96% and helium up to 5% at its Nemaha Project in Kansas, prompting a strategic expansion of its exploration program.

NH3 Clean Energy has made significant strides in its flagship WAH2 low-emission ammonia project, signing pivotal agreements on carbon capture and ammonia bunkering while strengthening its financial position.

Australis Oil & Gas reported a dip in Q2 sales volumes and revenue due to operational challenges but maintained positive cash flow and reduced debt. The company is actively seeking a funding partner to unlock the potential of its Tuscaloosa Marine Shale assets.

Earth’s Energy Limited is deepening its assessment of key geothermal assets in South Australia and Queensland, balancing cautious expenditure with strategic evaluations that will shape its future development path.

Brookside Energy Limited reported a strong quarter with the Bruins well commencing production, solid contributions from Gapstow wells, and a disciplined capital strategy including a new share buy-back program.

Locality Planning Energy Holdings has appointed Craig Chambers as Chairman and reported a cashflow positive year, reaffirming a net profit guidance of $3.0 to $3.5 million for FY25.

Energy Action Ltd reports a robust Q4 FY25 with significant revenue growth, sustained positive cash flow, and strategic refinancing, while advancing its AI-driven Utilibox platform and zero-carbon solutions.

Otto Energy has completed a $38.4 million capital return while maintaining steady oil production despite a dip in gas output. The company also announced the resignation of its Acting CEO, signaling a period of transition.

Bass Oil reported steady oil production and a significant cash reserve increase in the June quarter, while strategically acquiring the Vanessa gas field to pivot towards gas production.

TMK Energy has commenced drilling its seventh pilot well at the Gurvantes XXXV Coal Seam Gas Project, reporting positive reservoir pressure tests and advancing partnerships to fast-track development.

Central Petroleum Limited has announced an on-market share buy-back program of up to 10% of its issued shares, supported by robust cash flows from new multi-year gas sale contracts and existing reserves.