Latest Australian Gas Market News

Comet Ridge has completed the acquisition of Santos' 42.86% interest in the Mahalo Gas Project, gaining 100% ownership and operatorship of the Mahalo Gas Hub. This move removes joint venture constraints and positions Comet Ridge to advance development in a tightening east coast gas market.

Eastern Gas Corporation reports robust gas indications and steady progress at its Venus-2H horizontal appraisal well in Queensland's Surat Basin, advancing toward a key well intersection and flow testing phase.

Comet Ridge Limited has pushed back the closing date for its Share Purchase Plan and associated Options Offers to 24 July 2026, giving eligible shareholders more time to participate ahead of a key August meeting.

Bass Oil has secured full ownership of the Vanessa gas field in the Cooper Basin, aiming to resume gas sales by year-end after recommissioning the facility and pipeline.

Comet Ridge has revised its acquisition deal for Santos’ stake in the Mahalo Gas Project, cutting upfront cash and extending deadlines to navigate new government gas reservation policy uncertainty.

Amplitude Energy has received the VIC/L37 production licence for its Annie gas field, setting the stage for first gas in 2028 to supply Australia's east coast market.

Elixir Energy has completed stimulation at its Diona-1 well in Queensland’s Surat-Bowen Basin, observing encouraging gas indications ahead of flow testing. The well’s proximity to major pipeline infrastructure could accelerate commercialisation if results hold.

Strike Energy has successfully drilled the Walyering West-1 well, revealing a new conventional gas accumulation in the Perth Basin with promising reservoir characteristics and proximity to existing infrastructure.

Beetaloo Energy Australia Limited has announced a non-underwritten placement and a follow-on share purchase plan to raise approximately A$66.3 million at a discounted price, aiming to finance the completion of the Carpentaria Gas Plant and advance development activities targeting first gas sales in late 2026.

Elixir Energy has successfully completed its Teelba 2D seismic survey in Queensland’s Taroom Trough, acquiring critical data that could underpin a new contingent gas-condensate resource.

Bass Oil Limited has raised $3 million through a well-supported share placement to fund key projects including the Vanessa gas field acquisition and Indonesian oil drilling, positioning itself for a 2026 entry into the East Coast Gas Market.

Amplitude Energy and O.G. Energy have locked in a foundational gas sales agreement with EnergyAustralia, committing to supply 30 PJ of gas from the East Coast Supply Project starting in late 2028. This deal marks a significant step toward the project's development amid ongoing negotiations with other buyers.