Latest Contingent Resources News

D3 Energy has identified deeper water zones that are now sitting above the gas-bearing intervals in two Nooitgedacht wells, restricting gas flow in an extremely low-pressure reservoir. Remedial cementing is expected to begin next week, but restored flow and commercial results remain unconfirmed.

Equus Energy has completed Pre-FEED on its large North West Shelf gas project and signed a conditional 10-year gas sales agreement with Alcoa. But the annual report also shows a $25 million loss, a $12 million rehabilitation provision and substantial funding and permitting hurdles before development can begin.

Bass Oil has set out a growth plan spanning Indonesian oil production, a planned Vanessa gas restart and development of its Kiwi discovery in South Australia. The strategy offers several potential catalysts, but much of the upside remains dependent on funding, approvals and execution.

Botala Energy has secured three wholly owned Botswana prospecting licences covering 1,812km², taking its Serowe CBM footprint beyond 6,000km². The expansion comes as the company prepares to flow-test Serowe-3.5B, while the new acreage remains an interpreted exploration opportunity rather than a booked resource.

Amplitude Energy has intersected at least 60 metres of gas-bearing Waarre C sandstone at its Juliet-1 exploration well, including 49 metres of interpreted high-quality net pay. The result is ahead of schedule and budget, but commercial recoverability, gas composition and deliverability remain unconfirmed.

Tetragon Energy has boosted its mid-case prospective gas resource at the Halcon prospect in the Philippines from 2.6 TCF to 8.0 TCF, significantly enhancing the value of its offshore permits and improving the geological chance of success.

A2MP Investments has issued a third supplementary bidder's statement disputing the valuation and assumptions underpinning Canyon Resources' takeover response, highlighting persistent funding uncertainties and project execution risks. The bidder insists its offer remains the sole liquidity option for shareholders ahead of the September 21 deadline.

Beetaloo Energy is advancing its vast gas resource in the Beetaloo Basin, aiming for first gas sales by late 2026, backed by a binding NT Government agreement and key infrastructure investments.

D3 Energy has successfully cased and cemented two wells at its Nooitgedacht project in South Africa, detecting gas in both despite challenging reservoir conditions. Testing awaits reservoir pressure normalization.

Horizon Oil Limited delivered record FY26 production of 2.15 million barrels of oil equivalent and expanded its reserves by 51% to 13.6 million boe, driven by strategic acquisitions and disciplined capital management.

Gold Hydrogen’s Ramsay 2 flow test has validated a laterally extensive helium-bearing Kulpara Dolomite reservoir with up to 20% helium purity, reinforcing the project’s commercial potential and advancing resource certification efforts.

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.