Latest Oil And Gas Exploration News

ADX Energy’s Sicily Channel biogenic gas play gains validation from an independent technical review, reinforcing its prospective resource estimates and exploration strategy.

Advent Energy, in which BPH Energy holds a 35.81% stake, will challenge a Federal Court judgment on the PEP11 gas exploration permit, prolonging uncertainty over a key NSW offshore asset.

Advent Energy, in which MEC Resources holds a 37.95% stake, will challenge a Federal Court judgment on the PEP11 offshore gas exploration permit, with its subsidiary Asset Energy leading the appeal.

Lion Energy has locked in Indonesian government approval for a key farm-out deal, enabling OPIC to fund the majority of the Bula Karang-1 well costs while Lion retains a significant stake in the East Seram PSC.

Horizon Oil has completed a significant step in its takeover of Cue Energy by acquiring nearly 20% of shares through a pre-bid agreement, pushing its total ownership to just over 57%.

Elixir Energy has wrapped up a 12-stage fracture stimulation at its Lorelle-3H appraisal well in Queensland’s Taroom Trough, placing all proppant as planned. The company is now milling out plugs ahead of a 30-day gas-condensate flow test that could validate commercial production potential.

Australian Oil Company Limited has closed its Share Purchase Plan, raising $155,000 by issuing over 54 million shares at $0.0029 each, to support ongoing exploration in Queensland’s Surat Basin.

Carnarvon Energy has boosted its Bedout Basin prospective resources by 92%, now holding over 6.2 billion barrels of oil equivalent across 130 prospects, with exploration drilling set to start in April 2027.

ADX Energy’s HOCH-1 well in Upper Austria has delivered a stable, water-free gas flow rate of 2.7 million cubic feet per day over an 11-hour test, confirming commercial potential from the first tested zone amid ongoing multi-interval testing.

Triangle Energy (ASX:TEG) has regained 100% ownership of the L7 Production Licence and EP 437 Exploration Permit in the Perth Basin after joint venture partners Echelon and Strike withdrew and transferred their interests back. Legal proceedings against these partners for failing farm-in obligations continue.

ADX Energy’s HOCH-1 exploration well in Upper Austria delivered a promising clean-up flow of 2.8 million cubic feet per day from its first tested gas zone, signalling encouraging reservoir potential ahead of further testing.

Melbana Energy halts direct involvement in its Cuban Block 9 project following US sanctions on CUPET, its contractual counterparty, while it seeks legal clarity on the complex regulatory landscape.