Latest Contingent Resources News

Jade Gas Holdings has announced the immediate resignation of CEO Christopher Newport due to personal reasons, with the board affirming ongoing focus on its Mongolian coal bed methane projects and starting a search for a successor.

Comet Ridge progresses engineering design and environmental approvals for its Mahalo Gas Project, pushing ahead with the acquisition of Santos’ stake to consolidate full ownership and expand its east coast gas footprint.

Botala Energy’s Serowe CBM Project advances as key production well 3.5B reaches 83% depth with multiple support wells actively managing reservoir pressure and gas flows confirmed from pilot operations.

Finder Energy has secured A$27 million via a two-tranche placement plus a A$3 million share purchase plan to fast-track its KTJ oil project in Timor-Leste, aiming for final investment decision by mid-2026 and first oil by late 2027.

Condor Energy has advanced its offshore Peru exploration with a new Raya West prospect, lifting its unrisked prospective resources above 3.3 billion barrels, while moving to 100% ownership of TEA 86 to streamline licence conversion and partnerships.

Conrad Asia Energy has taken a decisive step from exploration to production with the Final Investment Decision on its Mako Gas Project, booking reserves for the first time and progressing a major farm-down transaction.

Red Sky Energy bolsters its Innamincka Dome operations with binding AFEs for new wells and a $5.2 million capital raise, targeting near-term production growth and cashflow.

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.

88 Energy has amended its Participation Agreement with Burgundy Xploration, extending funding milestones to align with Burgundy’s US IPO process while securing US$400,000 in near-term payments and enhanced lease security. The Franklin Bluffs-1H well spud is now expected in Q1 2027, slightly delayed but underpinned by strong capital commitment.

Omega Oil and Gas has secured A$60 million in a strongly oversubscribed institutional placement to fund an upgraded drilling program featuring US-standard horizontal wells and extended flow testing in Queensland’s Taroom Trough.

Lion Energy has secured funding for its East Seram Bula Karang-1 exploration well, reduced capital risk by divesting its Seram (Non-Bula) PSC stake, and put green hydrogen development on hold pending commercial clarity.

Buru Energy has enhanced the Rafael Gas Project’s mid-case value by over 45% through new engineering insights, while securing A$5.3 million to advance development. The company delayed appraisal drilling to 2027 to optimise funding and project design, and navigates a leadership change with CEO Thomas Nador stepping down.