Latest Farm Out Agreements News

Helios Energy has restarted production at its Texas Presidio wells and identified new drilling targets, setting the stage for a dual-track development strategy that balances early cashflow with longer-term growth.

Winchester Energy reported a slight dip in production but secured a strategic 30% farm-out deal for its Varn waterflood project, alongside significant board restructuring.

Blue Energy has been granted a critical petroleum lease in Queensland and completed a $5.8 million capital raise, positioning itself to meet rising gas demand aligned with the Queensland Government’s new Energy Roadmap.

GBM Resources has launched a major drilling campaign at its Twin Hills gold project and raised A$40 million to fund exploration and development across its Drummond Basin portfolio.

Silver Mines Limited progresses regulatory approvals for its flagship Bowdens Silver Project in NSW, secures $34 million through capital raising, and acquires promising US exploration assets, setting the stage for growth.

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.

Pacgold has secured the White Dam Gold Operation, unlocking a pathway to near-term production and cash flow, while advancing exploration at Alice River and St George projects backed by a $13 million capital raise.

Petratherm Limited has significantly extended high-grade titanium mineralisation at its Rosewood East prospect and discovered a new Echo Prospect, advancing its Muckanippie Project towards a maiden resource.

Triangle Energy has initiated legal proceedings against Strike Energy's subsidiary over a $3.84 million dispute tied to the L7 permit in the Perth Basin, escalating tensions in a key oil and gas project.

Eastern Resources has secured a farm-in agreement to earn up to 80% interest in Queensland’s Marengo Gold Project, boasting impressive historic gold and copper grades. Meanwhile, lithium anomalies at its Trigg Hill project hint at further exploration potential.

QX Resources has confirmed promising historical uranium grades at its Madaba Project in Tanzania and progressed gold exploration in Queensland, while securing a strategic farm-out for its Pilbara iron ore rights.

Iceni Gold’s September quarter report reveals promising drill results at its 14 Mile Well Project, highlighting a newly discovered basalt-hosted gold trend and expanding mineralisation zones. The company maintains a solid cash position as it plans further exploration.