Latest Farmout News

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.

Finder Energy is accelerating development of its Kuda Tasi and Jahal fields in Timor-Leste, aiming for first oil by the end of 2027, backed by strong share price momentum and a clear pathway to production.

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.

Pilot Energy has made significant strides in its offshore Perth Basin exploration with environmental approval for a major seismic survey and secured substantial financing to support its ongoing projects and transition to clean energy.

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.

Pancontinental Energy has identified significant new oil prospects within its PEL 87 permit, boosting total high-case prospective resources to 6.1 billion barrels. The company advances its farmout process and seeks a 12-month exploration extension amid strong regional activity.

D3 Energy has secured formal acceptance of its Production Right Application for the ER315 permit in South Africa, marking a pivotal step toward production. The company also broadened its portfolio with new helium and hydrogen permits in Australia and began trading on the US OTCQX market.

Finder Energy has locked in a significant funding agreement with TIMOR GAP, securing half of the KTJ Project’s development capex and upgrading its resource base, setting the stage for a Final Investment Decision by mid-2026.

ADX Energy Ltd is gearing up to restart flow testing at Welchau-1 and drill multiple shallow gas and oil wells in Upper Austria starting January 2026, aiming for a significant boost in production from low-risk prospects.

Pancontinental Energy has expanded its PEL 87 project offshore Namibia with two new prospects, boosting total high case prospective resources to 6.1 billion barrels net to the company. The ongoing farmout process signals growing industry interest in this promising exploration play.

Pilot Energy has secured crucial environmental approval to conduct a 3D seismic survey offshore Perth Basin, propelling its exploration and farmout ambitions forward while supporting carbon storage initiatives.

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.