Latest Gas Exploration News

Tamboran Resources Corporation has initiated an underwritten public offering of nearly 3 million shares to support expanded drilling and resource delineation in the Beetaloo Basin, alongside a concurrent institutional entitlement offer.

Key Petroleum Ltd (ASX:KEY) has completed a placement of over 3 million shares, raising approximately AUD 176,660 before costs to fund asset acquisitions, development, and working capital.

Pilot Energy Limited has voluntarily suspended trading of its shares as it finalises critical funding and strategic initiatives, with a market update expected by April 8.

Cue Energy Resources has lodged an application with the Takeovers Panel contesting Horizon Oil's off-market takeover bid, alleging undisclosed arrangements and anti-competitive conduct that could undermine a fair market for control.

Jade Gas Holdings has raised A$1.8 million through a well-supported placement to fund the development of Mongolia’s inaugural commercial gas production from the Red Lake gas field. This capital injection positions the company to advance key milestones in its flagship coal bed methane project.

State Gas Limited has decided against proceeding with the sale of its High Density Natural Gas Pilot Plant after failing to finalise terms, while its R&D tax incentive claim remains under extended review by the ATO.

Winchester Limited has partnered with Triangle Energy and Tetragon Energy in a joint study for offshore Indonesian oil and gas exploration, securing an option to acquire a 24.5% interest in any awarded Petroleum Sharing Contract.

3D Energi Limited has received a formal buy-out notice from ConocoPhillips to acquire its 20% interest in the VIC/P79 exploration permit, marking a critical juncture in the Otway Phase 1 project.

ADX Energy has secured A$4.4 million through a well-supported placement to fund key exploration projects in Austria and Italy, alongside plans for a strategic dual listing on Oslo Børs’ Euronext Growth market.

Emperor Energy has won a crucial 24-month extension on its Vic/P47 exploration permit, securing tenure for the Judith Gas Field offshore Victoria and allowing more time to complete environmental approvals and funding arrangements.

Beetaloo Energy has responded to ASX concerns over a delayed disclosure of a director's change in interest, attributing it to an administrative oversight and pledging enhanced compliance measures.

Echelon Resources has agreed to sell its 19.99% stake in Cue Energy to Horizon Oil and plans to accept Horizon’s takeover offer for the remaining shares, pending regulatory approvals.