Latest Energy Market News

Xstate Resources has formalized its drilling plans for the Diona-1 well in Queensland’s Surat-Bowen Basin, with rig mobilization scheduled for late September and early drilling results expected by October.

TMK Energy Limited’s securities have been suspended from ASX trading due to a missed periodic report deadline, raising questions about the company’s regulatory adherence and market outlook.

Diatreme Resources confirms its Northern Silica Project can produce low-iron, high-purity silica sand meeting photovoltaic glass standards, backed by successful bulk metallurgical testwork. The results pave the way for final engineering and commercial deals amid a booming solar energy market.

Lion Energy has agreed to sell its minority interest in the Seram Non-Bula PSC for US$1.2 million, refocusing its efforts on the higher-potential East Seram PSC exploration program.

Frontier Energy has been assigned 88.06 MW of Certified Reserve Capacity for its Waroona Renewable Energy Project, positioning it to benefit from a sharply higher Reserve Capacity Price in Western Australia’s tightening electricity market.

Kingsland Minerals has achieved a breakthrough with 99.97% purified spherical graphite from its Leliyn project, advancing its position in the EV battery supply chain. The company is on track to complete its scoping study next month, with downstream processing partnerships underway.

Boss Energy reported a sharp turnaround with a $34.2 million net loss for FY2025 despite generating $75.6 million in revenue, while withholding dividends amid ongoing challenges.

Echelon Resources reports a robust 34% revenue increase and 26% production growth for FY2025, driven by expanded stakes and drilling success at the Mereenie field. The company balances strong cash flow with strategic reinvestment and a modest dividend.

HPP has agreed to acquire Red Earth Energy Storage in a $40 million merger, aiming to relist on the ASX by early 2026 and capitalize on Australia’s growing battery storage market.

Pure Hydrogen Corporation has raised A$1 million through a share placement with attaching options, aiming to accelerate its clean energy projects across Australia and the US.

Sprintex Limited reported a 26% revenue increase for FY25 but also a 37% rise in net loss, as it accelerates global expansion through key distribution deals and manufacturing upgrades.

GenusPlus Group Ltd has delivered record FY2025 financial results, driven by strong contract wins and strategic acquisitions, positioning itself as a key player in Australia’s energy transition. The company forecasts robust earnings growth for FY2026 backed by a $2 billion orderbook.