Latest Drilling Services News

ADX Energy has started drilling its HOCH-1 shallow gas well in Upper Austria, aiming to unlock significant prospective resources amid high European gas prices. The well is the first of three planned shallow gas targets for 2026.

ADX Energy has kicked off drilling mobilisation for its HOCH-1 shallow gas well in Upper Austria, aiming to tap prospective resources up to 17.3 billion cubic feet. The well spud is slated for mid-April, marking the first of three permitted gas prospects in 2026.

Bass Oil reported steady February production with some operational setbacks in the Cooper Basin, while gaining regulatory approval for the Vanessa gas field acquisition and securing government funding for Kiwi gas development.

Sentinel Metals has reached a pivotal regulatory milestone as its Columbia Gold-Silver Project’s exploration amendment enters the public comment phase, paving the way for maiden drilling expected in April 2026.

Dart Mining NL has agreed to sell its Buckland Gold Project to Daybreak Minerals for $300,000 cash, while retaining rights to provide drilling services on the tenements.

AJ Lucas Group Limited has swung to a $38.9 million half-year profit, buoyed by a significant UK settlement and improved Australian drilling operations despite revenue pressures.

Bass Oil reported steady January production with a notable regulatory green light for its Vanessa gas field acquisition and a $3.5 million grant to accelerate the Kiwi gas field development.

GoldArc Resources has locked in a strategic drilling services agreement with MMS for its Leonora South Gold Project, enabling up to A$750,000 of drilling fees to be paid in shares. This innovative deal preserves cash and aligns contractor incentives with the project’s long-term success.

Perenti Limited reported steady half-year revenue of $1.73 billion with a 10.9% increase in net profit, underpinned by a $300 million Dalgaranga contract and growing drilling services in the US. The company also announced an unfranked interim dividend and a CEO transition underway.

Western Gold Resources has taken a decisive step towards production at its Gold Duke Project by awarding pre-mining contracts and appointing SSH Mining as the mine operator, setting the stage for Q1 2026 mobilisation.

Aldoro Resources has ramped up its Kameelburg REE-Niobium drilling program with a new rig acquisition and strategic partnerships, while withdrawing a key asset sale to Sultan Resources. Exploration at Omuronga continues to show promise.

Catalina Resources is set to launch a significant Phase 1 drilling campaign across its Evanston and Yerilgee gold projects starting December 1, 2025, aiming to deepen understanding of promising mineralised zones.