Latest Oil And Gas Exploration News

3D Energi has commenced drilling the Charlemont-1 gas exploration well offshore Victoria, targeting a substantial 93 billion cubic feet of gas with promising geological indicators. This marks a key step in the Otway Exploration Drilling Program aimed at bolstering East Coast gas supplies.

Finder Energy has successfully raised nearly $20 million through the first tranche of its share placement, with a second tranche pending shareholder approval early next year.

Australian Oil Company Limited has secured full control over key Sacramento Basin assets by acquiring Xstate USA Corporation, enhancing its exploration potential amid favorable regulatory shifts in California.

Winchester Energy has raised $300,000 through a share placement led by CPS Capital, with key insiders participating subject to shareholder approval. The funds aim to fuel growth evaluations and support working capital.

IPB Petroleum has signed a binding terms sheet to acquire a significant acreage position in Alaska’s National Petroleum Reserve, including the Umiat oil field, while raising $1.27 million to fund exploration and development studies.

Melbana Energy has confirmed that its Executive Chairman, Andrew Purcell, is exempt from re-election under ASX Listing Rule 14.4, following a detailed response to ASX's compliance query.

MEC Resources Ltd has announced a placement of over 359 million new options to raise approximately $359,000, with directors participating to offset fees. The offer comes as the company navigates ongoing legal challenges related to its key PEP-11 permit.

3D Energi has confirmed a promising gas-condensate find at the Essington-1 well using innovative Ora formation testing, marking the technology's Australian debut and setting the stage for further exploration in the Otway Basin.

Invictus Energy updates progress on its AMOG joint venture with Al Mansour Holdings, revealing ongoing negotiations for a significant Qatari ownership stake and deferral of a key placement settlement.

Omega Oil and Gas has secured a significant 19.43% equity interest in Elixir Energy, strengthening its foothold in Queensland’s Taroom Trough ahead of key drilling activities in 2026.

Omega Oil and Gas has secured a significant 19.43% equity interest in Elixir Energy, deepening its footprint in Queensland’s Taroom Trough and gaining exposure to near-term drilling catalysts.

88 Energy Limited has expanded its North Slope footprint with 14 new leases near the Prudhoe Bay oilfield, targeting high-quality Ivishak reservoirs and underexplored areas east of the Trans Alaska Pipeline. The company plans seismic reprocessing and a multi-zone exploration well in 2026.