Latest Oil Gas Exploration News

Buru Energy has issued 52.5 million attaching options to shareholders involved in its recent placement, following shareholder approval at the November 18 General Meeting.

3D Energi has confirmed a natural gas discovery at the Essington-1 well in the offshore Otway Basin, supported by direct gas sampling and preliminary analysis. Further testing is planned to assess the commercial potential of the find.

Conrad Asia Energy Ltd has had its trading suspension lifted following the completion of a significant farm down of 75% of its Duyung Production Sharing Contract. This move marks a pivotal moment for the company’s asset portfolio and market presence.

Condor Energy has identified a promising new hydrocarbon prospect, Raya West, adjacent to its existing Raya Prospect offshore Peru, significantly enhancing its exploration portfolio with advanced seismic analysis confirming multiple stacked oil-bearing intervals.

Melbana Energy has begun mobilisation for drilling the Amistad-11 well in Cuba’s Block 9, aiming to restore and improve production after formation damage impacted a key well.

Hartshead Resources has been granted a two-year extension on Phase C of its UK North Sea Licence P2607, allowing more time to complete its work programme amid regulatory and supply chain delays.

ADX Energy has raised A$3.5 million through a placement to fund key gas exploration projects in Austria and Italy, alongside plans for a strategic dual listing in Oslo.

Kinetiko Energy has raised $3.15 million through a placement led by key South African and Australian investors to fast-track its Project Alpha gas development in South Africa. The capital injection supports drilling and exploration activities aimed at expanding the company’s resource base.

Central Petroleum has agreed to sell its Northern Territory sub-salt exploration permits to Georgina Energy, gaining a 25% equity stake in the helium-focused explorer. The deal refocuses Central on conventional oil and gas while offering shareholders exposure to emerging helium and hydrogen prospects.

Elixir Energy’s upcoming Lorelle-3 appraisal well in Queensland’s Taroom Trough has qualified for a substantial federal R&D tax incentive, covering nearly half of its drilling and testing costs. This financial boost underpins the company’s ambitious plans to validate a major gas play in 2026.

Elixir Energy has independently certified an additional 189 BCFe of 2C contingent gas resources in Queensland’s Taroom Trough, lifting its total certified resources to approximately 2.8 TCFe. This milestone underscores the company’s expanding footprint in a key Australian gas basin with promising commercial potential.

Melbana Energy’s latest drilling at Amistad-2 in Cuba reveals excellent reservoir quality but disappointingly no oil production, prompting a strategic pivot in exploration plans.