Latest Energy Sector News

SGH Ltd reported solid FY25 results with EBIT rising 8% to $1.54 billion, supported by strong performances in Boral and WesTrac, alongside a 49% surge in operating cash flow. The company projects continued earnings growth in FY26 amid disciplined capital management and operational improvements.

AXP Energy has raised A$2.7 million through a two-tranche placement to expand its innovative gas-to-power-bitcoin mining operations and accelerate oil and gas drilling activities in Oklahoma.

Snow Lake Energy has completed due diligence and confirmed its participation in GTI Energy’s $4.5 million placement, securing a near 10% stake and a strategic foothold adjacent to GTI’s Lo Herma uranium project.

Santos Limited has agreed to extend the exclusivity period with the XRG Consortium, allowing more time to finalize due diligence for a potential A$8.89 per share cash takeover. The extension keeps the door open for competing bids, maintaining shareholder options.

Renergen Limited confirms all conditions for its acquisition scheme with ASP Isotopes Inc. have been met or waived, while outlining a contentious cash settlement for Share Appreciation Rights holders.

TMK Energy has safely drilled and cased the LF-07 pilot well at its Gurvantes XXXV Coal Seam Gas Project, intersecting 54 metres of net coal and setting the stage for imminent production.

SRJ Technologies has opened the retail component of its fully underwritten entitlement offer, inviting eligible shareholders to participate in a significant capital raising initiative aimed at supporting its advanced asset integrity services.

Xstate Resources has extended its Re-compliance Prospectus Offer deadline to 21 August 2025, aiming to meet ASX conditions for re-admission by raising at least $2 million from 300 new investors.

Key Petroleum has completed a $152,361 placement, issuing over 3.6 million shares to a sophisticated investor to support merger preparations and working capital needs.

WestStar Industrial’s subsidiary SIMPEC has landed a significant $11 million contract to expand Tianqi Lithium’s Kwinana hydroxide processing facility, reinforcing its role in Australia’s energy transition.

RareX Limited reports exceptional high-grade gallium intercepts at its Cummins Range deposit, reinforcing its position as a leading Australian source amid a tightening global market. The company is advancing processing strategies to capitalise on gallium’s rising strategic importance.

D3 Energy’s latest re-test of the RBD10 well in South Africa’s ER315 permit shows a remarkable 38% increase in gas flow, underscoring unique reservoir dynamics that could lower development costs.