Latest Exploration Wells News

3D Energi has commenced drilling the Essington-1 well offshore Victoria, aiming to unlock a combined gross mean prospective gas resource of 262 billion cubic feet. This marks the start of a pivotal exploration phase in the Otway Basin to bolster Australia’s East Coast gas supply.

Whitebark Energy has completed a critical soil gas survey in South Australia’s Officer Basin and unveiled a fresh evaluation of its Warro Gas Field, aiming to unlock new energy resources while exiting Canadian operations.

Xstate Resources has successfully re-listed on the ASX and drilled the Diona-1 well in Queensland, revealing a significant overpressured gas column that could accelerate gas sales by mid-2026.

State Gas Limited is on the cusp of securing its first 2P Reserve certification for the Rolleston West Project, while progressing its innovative High Density Natural Gas technology despite financial and operational hurdles.

88 Energy Limited progresses key Alaskan exploration projects with farm-out agreements and well planning, completes a strategic divestment in Texas, and secures a license extension in Namibia, positioning itself for growth despite ongoing operational costs.

Invictus Energy has secured National Project Status for its Cabora Bassa gas project in Zimbabwe and signed a major funding deal with Al Mansour Holdings, setting the stage for high-impact drilling in 2026.

Melbana Energy continues steady oil production in Cuba with new drilling underway, while securing critical permit variations in Australia that extend exploration timelines and reduce seismic obligations.

Helios Energy has successfully completed its first oil sales following the restart of operations at its Presidio Oil Project in Texas, signaling a pivotal shift from exploration to production.

IPB Petroleum advances its key Browse Basin assets with ongoing drilling discussions and a strategic board appointment, while maintaining a solid cash position.

Beach Energy reported an 8% increase in production to 5.0 million barrels of oil equivalent in Q1 FY26, driven by strong performance in the Otway Basin and Cooper Basin flood recovery. Sales revenue rose 18% to $537 million, supported by two LNG cargoes from the Waitsia Gas Plant, which is now approaching its Ready For Start Up milestone.

Elixir Energy has confirmed 23 meters of net gas pay across three Permian formations at its Diona-1 well in Queensland, setting the stage for flow testing and potential near-term gas production.

Melbana Energy has significantly upgraded its prospective resource estimates for the AC/P70 offshore permit, boosting gas and oil volumes and advancing the Hadrosaurus lead to prospect status, while progressing a farmout process to fund exploration.