Latest Field Development News

Finder Energy is fast-tracking its Kuda Tasi & Jahal offshore development in Timor-Leste, aiming for first oil by late 2027 or early 2028 with strong production forecasts and secured funding.

Pancontinental Energy progresses its Namibian PEL 87 exploration with a seismic reprocessing study and farmin discussions, while neighbouring operators report promising discoveries and development plans in the Orange Basin.

Australian Oil Company (ASX:AOK) is ramping up activity in Queensland's Surat Basin, engaging Energetica Consulting for independent resource assessments and pushing production restarts at Emu Apple and Riverslea fields.

ADX Energy has increased its Austrian production by 35% following a behind pipe perforation program on two Vienna Basin wells, adding 75 barrels of oil equivalent per day. Plans for further drilling in 2027 aim to build on this momentum.

Finder Energy has secured regulatory approval for its Kuda Tasi and Jahal offshore development in Timor-Leste, significantly advancing the project towards a final investment decision and first oil by 2028.

Kinetiko Energy has approved a Field Development Plan marking its shift from exploration to production at the Brakfontein gas project in South Africa, aiming to fast-track gas output and secure strategic funding.

Australian Oil Company (ASX:AOK) has kicked off Phase 1 development in Queensland's Surat Oil Basin, completing well interventions at Emu Apple-1 and revising plans for Riverslea-3 to boost production and exploration.

Monadelphous Group has landed over $200 million in new contracts spanning wind turbine installation, maintenance, and construction services across Australia and Papua New Guinea.

Axel REE has confirmed that its Woolrich deposit in Brazil is amenable to in situ recovery (ISR) using a mild magnesium sulphate solution, recovering high-grade rare earths with low impurities. This breakthrough supports the design of field-scale ISR tests planned for late 2026.

Finder Energy has issued 12 million shares at 50 cents each, raising $6 million from Amplus Energy and Longreach Capital following shareholder approval.

Strike Energy’s Walyering West-1 well delivered a stabilised gas flow of 11 MMscf/d from the C1 sand, confirming a clean, condensate-rich gas accumulation near existing infrastructure in the Perth Basin.

Bass Oil lifted May production by 5% with a 219 barrels per day average, while drilling commenced on the Bunian 6 well, expected to double group output.