Latest Contingent Resources News

Elixir Energy has marked a pivotal step in developing Queensland’s Taroom Trough gas resource with the successful drilling of the Lorelle-3 well and ambitious appraisal plans set for 2026. Positioned near key infrastructure and backed by major players, the company is poised to accelerate commercialisation efforts in this emerging energy hub.

Emperor Energy has successfully raised $17.5 million to advance drilling of its Judith-2 appraisal well, aiming to unlock a major gas resource in Victoria’s Gippsland Basin. The capital raise underscores strong investor confidence as the company moves closer to proving commercial gas flow rates.

Condor Energy has updated its corporate presentation revealing significant progress in Peru’s Tumbes Basin, highlighting a 1 trillion cubic feet gas discovery and a multi-billion barrel oil exploration portfolio. The company is moving towards converting its evaluation agreement into a full exploration licence while advancing commercial discussions for gas offtake.

QPM Energy Limited has announced a substantial upgrade to its Moranbah Gas Project reserves and resources, now certified at over 1,000 petajoules, positioning the company as a key player in Queensland’s evolving gas and electricity markets.

Elixir Energy has begun mobilisation for a three-week 2D seismic campaign across its highly prospective acreage in Queensland’s Taroom Trough, aiming to advance gas resource appraisal and meet farm-in commitments with Santos.

Conrad Asia Energy has formally approved the Final Investment Decision for its Mako Gas Project in Indonesia, securing full funding and long-term sales contracts, with first gas expected in late 2027.

Omega Oil and Gas has locked in Helmerich & Payne’s FlexRig® 648 to power an expanded 2026/27 drilling campaign in Queensland’s Taroom Trough, aiming to unlock a vast unconventional oil and gas resource.

Elixir Energy has reached a key milestone by drilling and casing the heel of its Lorelle-3H well in Queensland’s Taroom Trough, setting the stage for horizontal drilling aimed at unlocking commercial gas flow.

Eastern Gas Corporation Limited is set to raise $5.5 million through an IPO to fund drilling and flow testing at its Queensland gas exploration permits, aiming to prove commercial viability in the Surat and Cooper Basins.

Conrad Asia Energy has triggered a US$5 million milestone payment from PT Nations Natuna Barat, marking a key step towards production at the Mako gas field targeted for late 2027. The company also resolved a cash call dispute with Empyrean, strengthening its financial footing.

TMK Energy Limited reveals strong pilot well results and a robust phased development plan for its Gurvantes XXXV Coal Seam Gas project in Mongolia, underpinned by independently certified resources and strategic partnerships.

Finder Energy is accelerating development of its KTJ oil project in Timor-Leste, securing key infrastructure and funding partnerships to target first oil by the end of 2027. The company’s strategic moves include acquiring the Petrojarl I FPSO and a farmin agreement covering half the development costs.