Latest Gas Exploration News

Pilot Energy has secured a $1.52 million financing facility to fast-track its FY2025 R&D Tax Incentive refund, supporting its clean energy and gas exploration projects.

3D Energi has commenced drilling the Charlemont-1 gas exploration well offshore Victoria, targeting a substantial 93 billion cubic feet of gas with promising geological indicators. This marks a key step in the Otway Exploration Drilling Program aimed at bolstering East Coast gas supplies.

Jade Gas Holdings has verified exceptionally high methane purity exceeding 97% at its Red Lake gasfield, underpinning its commercial LNG ambitions and opening new chemical feedstock opportunities.

Finder Energy is rapidly advancing its KTJ oil development project with the strategic acquisition of the Petrojarl I FPSO and key partnerships, targeting a Final Investment Decision by mid-2026.

Pilot Energy is progressing its farmout process for the WA-481-P offshore gas project, eyeing early drilling at the Leander Gas Prospect before a delayed 3D seismic survey. The company targets first gas production by 2030 leveraging existing infrastructure.

Finder Energy has successfully raised nearly $20 million through the first tranche of its share placement, with a second tranche pending shareholder approval early next year.

Winchester Energy Limited has amended its recent placement announcement, confirming a raise of $350,000 through the issuance of 350 million shares, up from the initially stated $300,000.

QPM Energy Limited has voluntarily suspended its ASX securities pending a significant announcement on a strategic investment and capital raising, expected by December 4, 2025.

MEC Resources Ltd has announced a placement of over 359 million new options to raise approximately $359,000, with directors participating to offset fees. The offer comes as the company navigates ongoing legal challenges related to its key PEP-11 permit.

Galilee Energy Limited has been reinstated to trading on the ASX following the announcement of a significant capital raising and acquisition, signaling a pivotal moment for the energy explorer.

Elixir Energy has raised approximately AUD 16.6 million through a two-tranche placement led by Omega Oil & Gas, aiming to fast-track its Taroom Trough gas projects and advance toward commercial production.

Buru Energy has issued 52.5 million attaching options to shareholders involved in its recent placement, following shareholder approval at the November 18 General Meeting.