Latest Gas Development News

Blue Star Helium reports robust natural flow rates and peak helium concentrations from its Jackson 29 well at the Galactica project, underscoring the site’s promising helium resource potential.

Tamboran Resources Corporation posted a $20 million net loss for the half year ending December 31, 2024, reflecting intensified exploration and development activities in the Beetaloo Basin amid no revenue generation. The company’s cash reserves declined to $59.4 million, underscoring the pressing need for additional capital to fund ongoing projects.

Elixir Energy has significantly expanded its footprint in the Taroom Trough through a farmin agreement with Santos, adding substantial contingent gas resources as Eastern Australia faces an imminent gas supply shortfall.

Hartshead Resources has submitted a development programme and budget to the P2607 Joint Venture, proposing a new gas export route through CalEnergy’s Saturn Banks pipeline, promising reduced capital expenditure and accelerated production timelines.

Hartshead Resources has submitted a revised development report to the NSTA, unveiling a superior gas export route through CalEnergy's Saturn Banks pipeline that promises reduced costs and faster production.

Central Petroleum Limited reported a solid quarter ending December 31, 2024, driven by increased gas production from new wells and a restructured loan facility that enhances financial flexibility.

Kinetiko Energy reports mixed results from its five-well gas production test program, with the first well underperforming but the company maintaining optimism for the remaining wells and a strong financial footing.

Hartshead Resources reports a robust December quarter with strategic progress on UK gas developments, fiscal clarity from government levy changes, and the acquisition of new licenses boosting its resource base.

Top End Energy has taken a major step by acquiring the Kansas Natural Hydrogen Project and advancing its exploration footprint in Australia's Beetaloo Sub-Basin, positioning itself at the forefront of natural hydrogen and unconventional gas development.

Carnarvon Energy reports a robust cash balance of A$187 million amid delays in the Dorado project development following Santos' decision to pause FPSO acquisition. The renewal of Bedout Basin exploration permits offers a pathway to future drilling in 2026.

Key Petroleum Limited progresses Potential Commercial Area applications for ATPs 920 and 924 in Queensland’s Cooper Eromanga Basin, supported by a recent capital raise despite a constrained cash balance.

ADX Energy has accepted the award of a significant gas exploration permit offshore Italy’s Sicily Channel, positioning itself to tap into a highly prospective area with proven gas presence and favorable fiscal terms.