Latest Bowen Basin News

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QPM Energy is positioning its Isaac Energy Hub and 112MW Isaac Power Station to meet surging data centre electricity demand forecast to reach up to 35 TWh by 2036, amid coal plant retirements and rising grid pressures.
Maxwell Dee
Maxwell Dee
25 May 2026
Comet Ridge has voluntarily suspended trading of its shares on the ASX pending an update on its acquisition of Santos’ stake in the Mahalo Gas Project. The suspension aims to prevent uninformed trading while discussions continue, with an announcement expected before markets reopen on 21 May 2026.
Maxwell Dee
Maxwell Dee
20 May 2026
Xstate Resources has confirmed a significant over-pressured Permian gas and condensate discovery at its Diona-1 well in Queensland, with ongoing flow testing revealing promising transient gas responses constrained by hydrostatic fluid columns.
Maxwell Dee
Maxwell Dee
18 May 2026
Elixir Energy's Diona-1 well in Queensland confirms a recoverable overpressured Permian gas resource, enlarging its Taroom Trough footprint to 548,000 net acres. Flowback testing continues with plans for artificial lift to boost production.
Maxwell Dee
Maxwell Dee
18 May 2026
Xstate Resources reports promising early production from its Diona-1 well in Queensland, with gas and condensate flowing during the flow-back phase following stimulation.
Maxwell Dee
Maxwell Dee
11 May 2026
Elixir Energy has successfully completed stimulation and commenced flow testing at its Diona-1 well in Queensland’s Surat-Bowen Basin, with gas and condensate flowing at a notable pressure. The well’s proximity to existing pipeline infrastructure could facilitate rapid commercialisation if further testing confirms sustained production.
Maxwell Dee
Maxwell Dee
11 May 2026
Xstate Resources reports smooth progress at its Diona-1 well in Queensland, completing stimulation and preparing for a 14-day flow test after detecting methane gas during flowback.
Maxwell Dee
Maxwell Dee
4 May 2026
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.
Maxwell Dee
Maxwell Dee
4 May 2026
Yari Minerals has lifted its total coal resource at Rolleston South to approximately 223 million tonnes, including a maiden indicated resource of 33.7 million tonnes. The project’s shallow coal seams and strong quality underpin potential open-cut mining and export opportunities.
Maxwell Dee
Maxwell Dee
29 Apr 2026
Elixir Energy has initiated fracture stimulation and flow testing at its Diona-1 well in Queensland’s Surat-Bowen Basin, aiming to confirm a larger gas resource footprint within the Taroom Trough. The well’s proximity to existing infrastructure offers a swift route to market if results prove positive.
Maxwell Dee
Maxwell Dee
28 Apr 2026
Stanmore Resources defied a four-year low in metallurgical coal prices to deliver record saleable production and robust cash flow in 2025, while maintaining a strong safety record and advancing key development projects.
Maxwell Dee
Maxwell Dee
20 Apr 2026
Yancoal Australia is set to acquire an 80% stake in the Kestrel Coal Mine for US$1.85 billion upfront plus up to US$550 million in contingent payments, significantly boosting its metallurgical coal portfolio and production scale in Queensland.
Maxwell Dee
Maxwell Dee
14 Apr 2026