Latest Oil Gas Exploration News

Lakes Blue Energy reports promising natural gas indications at its Wombat-5 well, with increasing concentrations of hydrocarbons detected as drilling progresses into the Strzelecki Formation.

Beetaloo Energy reports steady progress on its Carpentaria-5H well, successfully completing hydraulic stimulation and entering a critical clean-up phase ahead of October’s IP30 flow test results.

Lakes Blue Energy reports encouraging early natural gas shows at its Wombat-5 well in Victoria’s Gippsland Basin, advancing drilling towards a significant horizontal production zone.

Red Sky Energy has formalized its 35% interest in Angola’s Block 6/24 following parliamentary ratification of the Risk Service Contract, unlocking access to significant oil resources and advancing its international growth strategy.

Emperor Energy has initiated a farm-in process to fund the Judith-2 appraisal well, aiming to unlock substantial gas reserves offshore Victoria and address tightening East Coast gas supply.

Hartshead Resources NL has had its trading suspension lifted following a significant announcement about a well carry agreement tied to its P2607 Licence. This development marks a pivotal moment for the company’s exploration prospects.

Hartshead Resources has voluntarily suspended trading on the ASX pending a significant announcement about a well carry agreement linked to its P2607 Licence. The suspension is set to last until the announcement or early September.

ADX Energy has updated its Upper Austria prospect inventory, reporting a substantial net mean prospective resource of 374 million barrels of oil equivalent and outlining near-term drilling plans focused on low-risk shallow gas and near-field oil plays.

Strike Energy has secured independent certification of substantial gas resources at its Ocean Hill project, including a newly identified large prospect, setting the stage for drilling in late 2026.

Frontier Energy Limited reported a sharp 90% increase in net loss to $210,593 for the half year ended June 2025, with no revenue recorded and no dividends declared.

Whitebark Energy has exercised its option to acquire the remaining 30% stake in the Alinya project, gaining 100% ownership after independent assessments confirmed significant hydrocarbon, hydrogen, and helium resources.

Lakes Blue Energy has resumed drilling at its Wombat-5 well in Victoria’s Gippsland Basin, overcoming earlier technical setbacks with a fresh contractor agreement. The company is making solid progress toward its target formation under a fixed price contract.