Latest Drilling And Production News

Beacon Minerals delivered a robust December quarter with gold production rising 31% to 6,861 ounces, surpassing guidance and underpinning a strong financial position bolstered by a $10.3 million entitlement issue.

D3 Energy’s latest quarterly report reveals record helium concentrations from South Africa’s ER315 project and marks its debut on the US OTCQB market, signaling a pivotal step in its global growth strategy.

Otto Energy delivered a solid Q4 2024 with a 6% rise in production and a 4% increase in revenue, supported by operational improvements and disciplined cost management. The company also navigates a pending ATO ruling on a significant shareholder capital return.

Vintage Energy has launched a $2.1 million entitlement offer to fund a targeted production uplift program at its Odin and Vali gas fields, aiming to significantly increase gas output and cash flow in the near term.

Horizon Oil’s latest quarterly report reveals a significant production uplift at the Mereenie field following successful infill drilling, alongside steady cash flow and a strong balance sheet heading into 2025.

NuEnergy has finalized the Gas Sales and Purchase Agreement for its Tanjung Enim project and is advancing drilling preparations, marking a key step toward production and revenue generation.

Horizon Oil has successfully completed the WM29 well and commenced drilling WM30 in the Mereenie Development Program, aiming to boost gas production and meet new Northern Territory gas sales commitments.

TMK Energy has successfully initiated gas flows from three new pilot wells at its Gurvantes XXXV Project, doubling total field production and advancing toward critical desorption pressures expected by mid-2025.