Latest Gas Market News

Empire Energy Group has launched a $28 million equity raise to finance critical development activities in the Beetaloo Basin, targeting first gas sales from its Carpentaria Pilot Project in 2025. The capital raise, combined with a $65 million financing package, underpins the company’s ambition to commercialize one of Australia’s largest low-CO2 shale gas resources.

Bass Oil Limited reported steady April production and a strategic acquisition of the Vanessa gas field, positioning itself for future gas market entry.

Verbrec Limited has landed over $11 million in new engineering and construction contracts, boosting its outlook for a solid profit in H2 FY2025 amid easing project deferrals.

ADX Energy has formalised licence amendments and identified four drill-ready shallow gas prospects in Upper Austria, targeting Q4 2025 for initial drilling. The company is advancing farm-in discussions to capitalise on a low-risk, pipeline-proximate gas opportunity in a sought-after European market.

Bass Limited’s May 2025 AGM update highlights a strategic acquisition and capital raising to accelerate its emergence as a key Australian gas producer, focusing on Cooper Basin and Indonesian assets.

Bass Oil Limited has announced a $3.1 million rights issue to fund key projects including recommissioning a gas facility in Australia and drilling an oil well in Indonesia, aiming to significantly increase production and cash flow.

Bass Oil Limited has acquired the Vanessa gas field from Beach Energy, marking its entry into gas production in Australia’s Cooper Basin. The company is raising $3.1 million to fund this acquisition alongside other growth initiatives.

Tamboran Resources has finalized a US$15 million sale of 100,000 acres to Daly Waters Energy, retaining a dominant 1.9 million-acre position in the Beetaloo Basin and setting the stage for its Phase 2 gas development targeting Australia's East Coast market.

Elixir Energy has unveiled a strategic, fully funded plan to develop its extensive gas resources in Queensland’s Taroom Trough, aiming for initial production by late 2027. The company leverages its dominant acreage position alongside Shell’s operations and a fast-follower approach to unlock multi-TCF reserves.

Metgasco Ltd has announced a partially underwritten entitlement offer to raise up to $750,000, aiming to fund a production uplift program at its Odin and Vali gas fields. The capital raise targets near-term gas flow improvements and enhanced cash generation.

SciDev Limited reported a robust Q3 FY25 with revenue rising 10% and EBITDA tripling, driven by strategic US market expansion and a landmark PFAS remediation contract despite ongoing market challenges.

Strike Energy’s latest seismic surveys reveal promising exploration and appraisal opportunities at Ocean Hill and Kadathinni, reinforcing its dominant position in the Perth Basin gas market.