Latest Bowen Basin News

Yari Resources has outlined a bold strategy to expand its Rolleston South coal project into a district-scale powerhouse, aiming to build over 500 million tonnes of coal resources through acquisitions and joint ventures.

Yari Minerals has rebranded as Yari Resources and appointed Courtney Taylor as Managing Director to sharpen its focus on Queensland’s Bowen Basin coal assets. The company is advancing its Rolleston South project with a technical review and performance incentives for directors.

Elixir Energy has kicked off the stimulation and testing phase at its Lorelle-3H appraisal well, aiming to validate commercial gas and condensate flow rates from Queensland’s Taroom Trough basin-centred gas play.

Xstate Resources confirms Diona-1 as a gas discovery with strong reservoir pressure but faces challenges removing completion fluids. The company is exploring advanced methods to clear the wellbore and enable sustained production.

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.

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.

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.

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.

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.

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.

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.

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.