Latest Energy Exploration News

Thor Energy has pushed HY-Range closer to drilling after recording natural hydrogen readings of up to 3% and commissioning a 464 line-kilometre seismic survey. But the annual report also carries an explicit material uncertainty over going concern, leaving funding as the project’s immediate constraint.

Tetragon Energy has reported a $470,635 comprehensive loss in its first annual report, while highlighting a Philippine exploration portfolio carrying 3.214 Tcf of net mid-case prospective gas resources. The newly listed explorer ended the period with $715,713 in cash, before raising $4 million through its July ASX listing.

Pantera Minerals has received an unqualified audit opinion for its 2026 financial report, with the disposal of its Daytona Lithium and Folsom Point subsidiaries emerging as the year’s defining accounting event. The report also places a $507,994 exploration asset under audit scrutiny as the company advances its remaining portfolio.

Invictus Energy has entered FY2027 with A$10.89 million in cash and a funded November drilling target, but its annual report warns that further financing may be required to continue operations. The company also reported a wider A$6.54 million loss for FY2026.

Galilee Energy will begin sidetracking the Zydeco-1 well on 28 September to test five shallow oil zones in Louisiana. The A$3.5 million program is funded, but any move into production still depends on drilling, evaluation and flow-test results.

Australian Oil Co says Emu Apple-1 is producing 10-20 barrels of oil a day after intervention with no water cut observed so far. Stronger oil prices are prompting assessments of further well restarts, while Californian gas output and the Major-4 offtake plan advance in parallel.

D3 Energy has successfully drilled and intersected gas in the first of two wells at its Nooitgedacht site in South Africa, with the second well underway. The results support expanding helium reserves and future production rights.

Pantera Minerals has solidified its position in the US antimony market with exceptional assay results at its Gillham Project, while its strategic investment in EnergyX has surged in value following a capital raise price increase.

Prominence Energy has validated elevated helium and natural hydrogen levels in South Australia, backed by independent lab and satellite data, while securing $1.56 million to fund its next exploration phase targeting mid-2027 drilling.

Prominence Energy outlines a disciplined, capital-efficient plan to advance its South Australian helium and natural hydrogen projects toward drilling in mid-2027, backed by low-cost exploration and strategic funding options.

Buru Energy has launched a prospectus offering over 207 million new options free-attaching to a recent $5.3 million placement, aiming to back the commercialisation of its Rafael Gas Project and bolster working capital.

BPH Energy and Bounty Oil & Gas await a Federal Court judgement on their challenge against the refusal to extend the PEP-11 offshore permit. The decision, reserved since February, will be handed down mid-June, potentially shaping the companies' exploration prospects.