Latest Exploration And Appraisal News

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Tamboran Resources Corporation reported a 26% reduction in half-year losses as it progresses key natural gas projects in Australia’s Beetaloo Basin and prepares for a major acquisition of Falcon Oil & Gas Ltd.
Maxwell Dee
Maxwell Dee
12 Feb 2026
Omega Oil and Gas has secured a substantial new 750 square kilometre acreage in Queensland’s Taroom Trough, forming a powerful joint venture with Tri-Star and Beach Energy to accelerate exploration and appraisal in 2026.
Maxwell Dee
Maxwell Dee
10 Feb 2026
Beach Energy’s FY26 half-year results reveal steady sales volumes and a robust ramp-up at the Waitsia Gas Plant, supported by strong LNG cargo revenues and disciplined cost management.
Maxwell Dee
Maxwell Dee
5 Feb 2026
Invictus Energy has reached a pivotal milestone by finalising the Petroleum Production Sharing Agreement for its Cabora Bassa Project, setting the stage for exploration and appraisal drilling in Zimbabwe in 2026. Meanwhile, the company has ended its strategic partnership with Al Mansour Holdings and is actively pursuing new funding avenues.
Maxwell Dee
Maxwell Dee
30 Jan 2026
ADX Energy reported a 24% drop in production due to mechanical issues but is advancing well workovers and new drilling, supported by a $3.5 million capital raise and plans for a dual listing in Oslo.
Maxwell Dee
Maxwell Dee
30 Jan 2026
Helios Energy has marked a key milestone with its first oil and condensate sales from the Presidio Oil Project in Texas, signaling a shift from exploration to early-stage production. The company is now focused on securing funding for further development and drilling activities.
Maxwell Dee
Maxwell Dee
30 Jan 2026
Pancontinental Energy has identified two new prospects in its PEL 87 permit, boosting its high case prospective resources to 6.1 billion barrels of oil net to the company. While progressing farmout discussions, the company awaits a critical permit extension decision from Namibian authorities.
Maxwell Dee
Maxwell Dee
30 Jan 2026
Buru Energy advances its Rafael Gas Project with strong funding interest and a $2.35 million capital raise, setting the stage for critical 2026 drilling and resource validation.
Maxwell Dee
Maxwell Dee
19 Jan 2026
Elixir Energy has been granted a 15-year retention license over its entire ATP2044 permit in Queensland’s Taroom Trough, securing 1,362 BCFe of 2C Contingent Gas Resources confirmed by the Daydream-2 well.
Maxwell Dee
Maxwell Dee
24 Dec 2025
Central Petroleum has amended its sub-salt exploration permit sale, excluding the EP82 permit and retaining Helium Australia Pty Ltd, while anticipating a $4.2 million impairment charge in FY26.
Maxwell Dee
Maxwell Dee
19 Dec 2025
Eastern Gas Corporation Limited, a new ASX-listed subsidiary of Pure One Corporation, has lodged a Replacement Prospectus to raise $5.5 million for advancing its Queensland gas projects, targeting commercial production through horizontal drilling and fracture stimulation.
Maxwell Dee
Maxwell Dee
15 Dec 2025
Galilee Energy has secured an option to acquire the Zydeco Gas Project in Louisiana, marking a strategic expansion into the US market, supported by a A$6.5 million capital raise to accelerate development.
Maxwell Dee
Maxwell Dee
2 Dec 2025