Latest Oil Gas Exploration And Production News

Tamboran Resources is set to acquire Falcon Oil & Gas Ltd., consolidating a dominant position in the Beetaloo Basin with nearly 3 million net prospective acres. The deal, valued at US$172 million, positions Tamboran as a leading Australian E&P player ahead of key development phases.

Tamboran Resources is set to acquire Falcon Oil & Gas, creating a dominant player with approximately 2.9 million net prospective acres in Australia's Beetaloo Basin. The deal, valued at over US$500 million pro forma, aims to strengthen Tamboran's development footprint and shareholder base.

Tamboran Resources' Beetaloo Joint Venture has reached a Final Investment Decision for the Shenandoah South Pilot Project, setting the stage for first gas sales by mid-2026. The project secures key commercial agreements and financing, marking a pivotal shift from exploration to production.

Strike Energy’s FY25 results reveal a strategic pivot to integrated gas and power projects, leadership renewal, and strong financial gains despite a major asset impairment.

TMK Energy Limited has announced a significant security consolidation, merging every 55 existing securities into one, impacting shares, options, and performance rights with adjusted exercise prices.

Tamboran Resources has achieved record natural gas flow rates in the Beetaloo Basin and advanced its drilling and infrastructure projects, positioning the company for first gas sales by mid-2026.

Tamboran Resources has reported record natural gas flow rates from its Shenandoah South 2H sidetrack well and initiated the largest drilling program ever seen in the Beetaloo Basin, alongside securing key approvals for gas sales.

Strike Energy has successfully completed a A$36 million capital raise through a strategic placement and share purchase plan, setting the stage for critical project developments and exploration activities.

Finder Energy has secured a pivotal funding boost as TIMOR GAP increases its stake in the KTJ Project, accelerating the path to final investment decision by mid-2026. This farmin agreement significantly de-risks the project and aligns with Timor-Leste’s strategic development goals.

AXP Energy has successfully reached the target depth in its Charlie #1 well, revealing over 290 feet of promising oil and gas shows across multiple formations. The company is now preparing for detailed logging to assess commercial viability.

Brookside Energy has announced a new Area of Interest in the Anadarko Basin, targeting thick, liquids-rich reservoirs with promising economic returns and significant reserves growth potential.

AXP Energy reports encouraging oil and gas shows in its first Oklahoma well, Charlie #1, signaling potential for expanded production and gas-to-power operations.