Latest Commercial Development News

Parkway Corporate has cleared major regulatory hurdles for its Queensland Brine Management Complex, the first Australian facility authorised to convert coal seam gas waste brine into industrial chemicals, setting a new benchmark in sustainable waste management.

Elixir Energy has secured $5 million through a discounted placement to support ongoing flow tests at Lorelle-3H, artificial lift trials at Diona-1, and initiate a strategic review of its Taroom Trough assets.

Eastern Gas Corporation has initiated drilling of the Venus-2H horizontal appraisal well in Queensland’s Surat Basin, marking a significant advancement in evaluating its contingent gas resources and potential commercial development.

Gold Hydrogen has successfully flowed, purified, and bottled helium at its Ramsay 1 well, confirming a highly productive reservoir and advancing the project towards commercial viability with promising helium rates and purity.

HyTerra's McCoy-1 well production test in Kansas reveals low gas saturation but notable helium concentrations, prompting a pause on further testing at the site as the company refines its geologic hydrogen strategy.

ION Video has boosted its cash runway by six months to December 2027 following a $612,498 capital injection from option exercises, while advancing commercial talks in the US.

Botala Energy’s Pitse Pilot well 3.5B in Botswana is producing 200 barrels of water per day with measurable casing pressure despite limited reservoir drawdown, signalling effective stimulation and promising progress toward commercial coal bed methane production.

Macallum New Energy has released an independently certified maiden Prospective Resource estimate for its Aberfeldy Prospect in the North Perth Basin, revealing significant unrisked recoverable oil and gas volumes under two fluid scenarios.

Iondrive Limited has independently confirmed strong rare earth recoveries from U.S. magnet waste and gained Oklahoma government support for its first commercial processing module, advancing its U.S. commercialisation strategy.

Omega Oil & Gas has kicked off its most ambitious drilling program yet in Queensland’s Taroom Trough, starting with the Canyon-3 well as part of a fully funded 2026/27 appraisal campaign targeting significant unconventional oil and gas resources.

Red Sky Energy has kicked off site works for a Santos-operated drilling campaign at the Innamincka Dome, secured $5.1 million in capital raising, and reported $1.045 million in production receipts for the June quarter.

TMK Energy reported a record gas output of around 28,000 scfd in June 2026, backed by a fully funded 2026 work program and key management hires. The company is progressing a 1MW gas-to-power pilot with Mongolia’s largest LPG distributor.