Latest Gas Reserves News

Tlou Energy has generated its first revenue from gas-derived power at the Lesedi project, but the milestone sits alongside a A$59.96 million loss, minimal cash and a material going-concern uncertainty. Proposed debt conversions could reduce liabilities, yet neither transaction is binding or provides new funding.

Strike Energy is moving from construction into execution, with its 85 MW South Erregulla power project nearing commercial operations and a 251 PJ West Erregulla reserve base underpinning its next gas development. The opportunity comes with a weaker FY26 earnings result, A$111.4 million of net debt and major funding obligations arriving from late 2026.

Strike Energy has moved South Erregulla into final commissioning and lifted West Erregulla’s net 2P reserves by about 20%, but the project-heavy year came with sharply lower earnings and operating cash flow. The company is now relying on execution, financing and new production to convert a larger asset base into cash generation.

APA Group (ASX:APA) posted an 81% jump in net profit after tax to AUD 234 million for FY26, driven by strong EBITDA growth, cost savings, and contributions from new assets. The company declared its 22nd consecutive distribution increase, advancing key infrastructure projects and sustainability goals.

Strike Energy has boosted its 2P gas reserves at the Walyering field to 16.4 PJ, incorporating maiden reserves from the newly discovered Walyering West. The company is advancing development plans with a final investment decision expected in Q4 2026.

Beach Energy (ASX:BPT) reported a 742% jump in net profit to $281 million for FY26 despite a 9% revenue decline, driven by Waitsia Gas Plant reaching full capacity and stringent cost control. The company declared a fully franked final dividend of 2 cents per share.

Jade Gas Holdings has secured regulatory approvals for Mongolia’s first coal bed methane reserves, completed a A$12 million capital raise, and signed a non-binding A$1.1 billion collaboration agreement to fund initial development of its Red Lake gasfield.

Comet Ridge has completed a $40.9 million capital raise combining a Share Purchase Plan and a two-tranche placement to fund full acquisition and development of its Mahalo Gas Project.

TMK Energy reported a record gas output of around 28,000 scfd in June 2026, backed by a fully funded 2026 work program and key management hires. The company is progressing a 1MW gas-to-power pilot with Mongolia’s largest LPG distributor.

Jade Gas Holdings (ASX: JGH) has voluntarily suspended its shares on the ASX ahead of an announcement expected by 20 July regarding a development partnership and funding commitment.

Comet Ridge Limited has pushed back the closing date for its Share Purchase Plan and associated Options Offers to 24 July 2026, giving eligible shareholders more time to participate ahead of a key August meeting.

State Gas Limited clears a year-long ATO review to access $4.1 million in R&D tax concessions, enabling debt repayment and bolstering cash reserves. Meanwhile, independent certification of 30.2 petajoules of 2P gas reserves at Rolleston West strengthens its development prospects.