Latest Gas Reservoirs News

TMK Energy reports a significant 60% increase in gas production at its Gurvantes XXXV Pilot Well Project in September 2025, driven by improved drilling techniques and strategic reservoir management despite operational challenges.

Xstate Resources reports steady progress on its Diona-1 well in Queensland, confirming its majority ownership of ATP 2077 and targeting multiple proven gas reservoirs with promising potential.

Xstate Resources has commenced drilling operations at its Diona-1 well in Queensland, targeting promising gas reservoirs with a rapid path to market.

Lakes Blue Energy reports strong gas shows at its Wombat-5 well in Victoria’s Gippsland Basin, reinforcing hopes for a commercially viable gas development.

Lakes Blue Energy reports promising natural gas indications at its Wombat-5 well, with increasing concentrations of hydrocarbons detected as drilling progresses into the Strzelecki Formation.

Lakes Blue Energy reports encouraging early natural gas shows at its Wombat-5 well in Victoria’s Gippsland Basin, advancing drilling towards a significant horizontal production zone.

Kinetiko Energy has secured a crucial two-year renewal of its South African exploration rights, advancing its pilot production and development plans amid promising drilling results.

Sumitomo Corporation has committed to a strategic equity investment in Mitchell Services’ Loop Decarbonisation JV, valuing the business at $24 million and signaling confidence in its mining sector emissions solutions.

ADX Energy has been awarded a new offshore gas exploration permit in the Sicily Channel, Italy, boasting significant prospective resources and strategic proximity to key infrastructure. The company plans further seismic work and drilling to unlock the permit’s potential.

Lakes Blue Energy has secured $6.5 million in new capital and is set to begin drilling the Wombat-5 gas well, targeting near-term supply to Victoria’s east coast market. Meanwhile, its Nangwarry carbon dioxide project moves forward with a fully funded feasibility study.

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.

Omega Oil and Gas has confirmed an extensive oil and gas system in Queensland’s Taroom Trough through high-quality logging at its Canyon-2 well, with DFIT testing now underway to further evaluate reservoir potential.