Latest Oil Gas Exploration News

Page 15 of 16
88 Energy Limited has secured shareholder approval for a significant capital consolidation, reducing its share count by a factor of 25 effective May 9, 2025. The company has outlined a detailed timetable to guide investors through the transition.
Maxwell Dee
Maxwell Dee
6 May 2025
Elixir Energy has successfully closed its Share Purchase Plan, raising an additional $117,000 and bringing total capital raised to $7.1 million, supported by new shares and free attaching options.
Maxwell Dee
Maxwell Dee
1 May 2025
Pancontinental Energy reports a significant 3.8 billion barrels of net prospective oil resources at its Saturn Complex in Namibia’s PEL 87, advancing farmout talks and environmental approvals for exploration drilling.
Maxwell Dee
Maxwell Dee
30 Apr 2025
Triangle Energy’s Becos-1 exploration well in the Perth Basin has been plugged and abandoned after failing to find hydrocarbons in economic quantities, yet the company remains optimistic about future prospects and well-funded for upcoming ventures.
Maxwell Dee
Maxwell Dee
22 Apr 2025
Tamboran Resources has achieved a significant operational milestone in the Beetaloo Basin, delivering record-breaking stimulation efficiency in its SS-2H ST1 well. The company now advances towards flow back and extended production testing, signaling potential for enhanced gas output.
Maxwell Dee
Maxwell Dee
7 Feb 2025
Lakes Blue Energy reported a $1.5 million quarterly operational spend and completed the $6.5 million sale of its 49% interest in PEP 169, while progressing drilling approvals for the Wombat-5 well in Victoria.
Maxwell Dee
Maxwell Dee
31 Jan 2025
Karoon Energy delivered a record full-year sales revenue of US$776.5 million in 2024 despite a slight production dip in the final quarter. The company’s revised resource estimates and plans to acquire the Baúna FPSO signal a pivotal phase for its growth trajectory.
Maxwell Dee
Maxwell Dee
30 Jan 2025
88 Energy Limited announces a maiden internal Prospective Resource estimate of 283 million barrels of oil for its Canning Prospect at Project Leonis, Alaska, with plans to drill the Tiri-1 exploration well targeting multiple reservoirs in 2026.
Maxwell Dee
Maxwell Dee
30 Jan 2025
Po Valley Energy has secured crucial regional approval to launch a 3D seismic campaign over its Selva Malvezzi concession, paving the way for drilling four new wells.
Maxwell Dee
Maxwell Dee
28 Jan 2025
Helios Energy has released an independent Contingent Resource Report confirming substantial recoverable oil, gas, and NGL volumes at its Presidio Project in West Texas, reinforcing its potential as a transformative asset.
Maxwell Dee
Maxwell Dee
28 Jan 2025
Elixir Energy has secured an independent certification for a maiden contingent resource of 245 billion cubic feet of deep dry coal gas, lifting its Grandis Gas Project’s recoverable resources by 17%. This milestone underscores the significant untapped potential within the Taroom Trough’s deep coal formations.
Maxwell Dee
Maxwell Dee
15 Jan 2025
ADX Energy has suspended testing at its Welchau-1 gas well in Upper Austria following a landmark Austrian Constitutional Court ruling that repealed a legal provision preventing environmental objections from halting operations. This development introduces regulatory uncertainty amid ongoing evaluation of the well’s potential.
Maxwell Dee
Maxwell Dee
14 Jan 2025