Latest Oil Gas Exploration News

3D Energi Limited has raised $9.4 million through a share placement to fully fund the Essington-1 well drilling in Victoria’s Otway Basin, marking a pivotal step in its two-well exploration campaign.

Lakes Blue Energy reports strong gas shows and excellent reservoir quality from its Wombat-5 appraisal well in Victoria’s Gippsland Basin, setting the stage for imminent production testing and potential field development.

Lakes Blue Energy has wrapped up drilling at its Wombat-5 well in Victoria’s Gippsland Basin, setting the stage for critical gas flow testing to assess commercial potential.

Buru Energy reminds shareholders that its Share Purchase Plan closes on 7 October, offering shares at 2 cents each plus attaching options subject to approval.

Blue Energy Limited invites eligible shareholders to participate in a discounted Share Purchase Plan, offering shares at $0.005 each, matching a recent institutional placement price. The plan aims to raise up to $250,000, providing retail investors a rare chance to buy shares at a significant discount.

Elixir Energy has commenced drilling the Diona-1 conventional gas-oil exploration well in Queensland’s Surat-Bowen Basin, aiming to unlock new production potential and secure long-term asset retention.

TMK Energy Limited plans a significant share consolidation to address low liquidity and price volatility, seeking shareholder approval alongside a capital raise. The move aims to streamline the capital structure and attract institutional interest.

Lakes Blue Energy has successfully drilled its Wombat-5 well to the planned depth in Victoria’s Gippsland Basin, revealing promising gas-saturated sands that echo previous successes.

Lakes Blue Energy reports strong gas shows at its Wombat-5 well in Victoria’s Gippsland Basin, reinforcing hopes for a commercially viable gas development.

ADX Energy has secured a pivotal court ruling that allows it to resume drilling and testing at its Welchau-1 well in Austria, overcoming environmental objections and strengthening its exploration prospects.

Buru Energy has secured environmental approval for its 2026 Rafael resource appraisal drilling campaign, a crucial step toward final investment and first cashflows by 2028.

Bounty Oil & Gas has clarified that no undisclosed information explains the recent surge in its share trading, linking activity to an ongoing Federal Court hearing on the PEP 11 project now adjourned to Sydney.