Latest Exploration And Appraisal News

Tamboran Resources Corporation posted a $20 million net loss for the half year ending December 31, 2024, reflecting intensified exploration and development activities in the Beetaloo Basin amid no revenue generation. The company’s cash reserves declined to $59.4 million, underscoring the pressing need for additional capital to fund ongoing projects.

Gold Hydrogen Limited has secured a $6.45 million R&D tax refund, strengthening its financial position ahead of an ambitious 2025 drilling campaign. The company also announced key leadership changes, including the appointment of a seasoned Chief Geologist.

Red Sky Energy's December 2024 report reveals steady production from Yarrow 3, imminent fracture stimulation at Yarrow 1, and a transformative 35% stake in Angola's Block 6/24, positioning the company for diversified growth and enhanced cash flow.

Pancontinental Energy reports encouraging technical progress on its PEL 87 project with improved reservoir confidence and ongoing drilling success in Namibia’s Orange Basin, underpinning a solid cash position.

ADX Energy reported steady production with 218 BOEPD and A$2.3 million revenue in Q4 2024, while progressing exploration in Austria and securing a new gas permit offshore Italy.

Terra Metals has secured an option to acquire a large tenement package adjacent to its flagship Dante Project, significantly expanding its exploration potential in Western Australia's West Musgrave region.

Invictus Energy has completed a key legal review and secured $12 million in funding, setting the stage for expanded drilling and development in Zimbabwe's Cabora Bassa Basin.

D3 Energy has successfully completed production testing at its Nooitgedacht Major borehole in South Africa's ER315 permit, revealing robust gas flow rates and high helium concentrations that underscore the project's economic promise.

88 Energy Limited reports solid progress in its Alaskan oil projects with key joint venture partner Burgundy reaffirming commitment, alongside strategic acreage expansion and operational cost reductions.

Karoon Energy has concluded drilling at the Who Dat West exploration well, reaching its target depth but finding no significant hydrocarbons. The joint venture now shifts focus to development options for prior discoveries in the area.

D3 Energy’s recent production test at Nooitgedacht Major reveals promising helium and natural gas flow rates, confirming a new northern production area within the ER315 permit.

Invictus Energy has successfully renewed its SG 4571 licence in Zimbabwe’s Cabora Bassa Basin for an additional three years, enabling continued exploration and development at the Mukuyu gas discovery.