Latest Farmout Agreements News

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Finder Energy has completed its farmout agreement with Serica Energy, acquiring a 20% interest in the Seaward Production Licence P2530 and continuing as operator during Phase B. The company is now conducting feasibility studies to determine whether to advance to Phase C or discontinue the licence.
Maxwell Dee
Maxwell Dee
15 Dec 2025
88 Energy Limited updates on its Alaska-based Project Phoenix, announcing a fully funded horizontal well and extended flow test scheduled for Q3 2026, backed by joint venture partner Burgundy Xploration LLC. The project is positioned for first production as early as 2027 amid a resurgence in North Slope activity.
Maxwell Dee
Maxwell Dee
26 Nov 2025
Finder Energy Holdings has outlined ambitious plans to reach a Final Investment Decision by mid-2026 for its KTJ oil development, aiming for first oil production by late 2027 and unlocking over US$1 billion in gross revenues.
Maxwell Dee
Maxwell Dee
17 Nov 2025
Finder Energy has signed a farmout agreement assigning 40% of its North Sea P2530 licence to Serica Energy, retaining operatorship and a 20% stake. This move aims to accelerate appraisal and development of the Wagtail oil discovery through strategic partnership and regulatory approvals.
Maxwell Dee
Maxwell Dee
4 Nov 2025
ADX Energy reports a 17% production dip in Q3 2025 due to well downtime but boosts sales revenue by 23%, while advancing drilling plans and acquiring key infrastructure.
Maxwell Dee
Maxwell Dee
31 Oct 2025
West Cobar Metals’ recent drilling at the Fraser Range Project reveals significant rare earth elements, titanium dioxide, and scandium, expanding the potential of its adjoining Salazar Critical Minerals Project.
Maxwell Dee
Maxwell Dee
14 Aug 2025
Triangle Energy's joint venture partners Echelon Resources and Strike Energy have withdrawn from key Perth Basin permits, prompting the company to seek new collaborators to continue its exploration program.
Maxwell Dee
Maxwell Dee
20 June 2025
Elixir Energy has unveiled a strategic, fully funded plan to develop its extensive gas resources in Queensland’s Taroom Trough, aiming for initial production by late 2027. The company leverages its dominant acreage position alongside Shell’s operations and a fast-follower approach to unlock multi-TCF reserves.
Maxwell Dee
Maxwell Dee
12 May 2025
West Cobar Metals has secured all approvals to begin a fully funded RC drilling program at its Fraser Range Project, targeting five priority copper-gold and base metal prospects starting mid-May 2025.
Maxwell Dee
Maxwell Dee
5 May 2025
Conrad Asia Energy has secured a pivotal Gas Sales Agreement with Indonesia’s state utility PLN, linking Mako gas prices to the Indonesian Crude Price and advancing its farmout strategy while increasing its stake in the Duyung PSC to 91.5%.
Maxwell Dee
Maxwell Dee
30 Apr 2025
88 Energy Limited has struck a pivotal farmout agreement with Burgundy Xploration LLC, unlocking up to US$39 million in funding for Project Phoenix’s horizontal well program and extended flow testing, setting the stage for a potential production decision in 2026.
Maxwell Dee
Maxwell Dee
17 Feb 2025
Elixir Energy has expanded its footprint in Queensland's Taroom Trough through a farmin deal with Santos, boosting its contingent gas resources by 68% and launching a $9 million equity raise to fund upcoming exploration activities.
Maxwell Dee
Maxwell Dee
11 Feb 2025