Latest Drilling And Production News

AXP Energy has updated its resource disclosures and is accelerating its gas-to-power strategy to fuel bitcoin mining operations in Oklahoma, leveraging proven oil fields and strong industry partnerships.

Western Gold Resources has kicked off a major 35,300-metre grade control and infill drilling program at its Gold Duke Project, aiming to de-risk operations and support a mining start in late Q4 2025.

IMDEX Limited posted a modest 3% revenue decline in FY25 but delivered a robust 15% rise in EBITDA and a striking 70% jump in net profit, driven by strong growth in digital and SaaS platforms. The company’s strategic acquisitions and sustained R&D investment position it well for future expansion.

Tivan Limited is rapidly advancing its critical minerals portfolio, securing joint venture funding for the Speewah Fluorite Project and progressing drilling programs ahead of a mid-2026 feasibility study.

Comet Ridge Limited has made significant progress in its Mahalo Gas Hub development, advancing engineering design, certifying substantial new gas reserves, and securing extended financing to support a Final Investment Decision.

Kinetiko Energy has begun drilling a key production test well in South Africa, advancing its transition from exploration to gas production with plans for a pilot LNG plant by late 2026.

88 Energy Limited reports significant progress on its Alaskan projects with a robust prospective resource base and advancing farm-out deals, while securing a key license extension in Namibia and negotiating asset divestment in Texas.

New Frontier Minerals reports strong copper recovery from historical stockpiles at its Big One Deposit, supporting a fast-tracked production pathway through Austral Resources’ Mt Kelly facility.

New Murchison Gold Limited has reported further high-grade gold intersections from its Crown Prince Gold Project, reinforcing the potential for a profitable open pit operation at its Garden Gully site near Meekatharra.

Blue Star Helium has wrapped up its 2025 Galactica drilling campaign with strong results from six wells, setting the stage for commercial helium production in the second half of 2025.

State Gas Limited faces a land access blockade at its Rolleston West Project, prompting legal action to resume critical drilling operations. The dispute threatens to delay progress on promising coal seam gas assets in Queensland's Bowen Basin.

Tamboran Resources has raised US$55.4 million through a private placement to fund critical drilling activities in the Beetaloo Basin, aiming for first gas production by mid-2026.