Latest Gas Resources News

Condor Energy has updated its corporate presentation revealing significant progress in Peru’s Tumbes Basin, highlighting a 1 trillion cubic feet gas discovery and a multi-billion barrel oil exploration portfolio. The company is moving towards converting its evaluation agreement into a full exploration licence while advancing commercial discussions for gas offtake.

ADX Energy has secured a crucial extension on its loan note repayments, unlocking financial flexibility to advance multiple drilling and development projects across Austria and Italy.

QPM Energy Limited has announced a substantial upgrade to its Moranbah Gas Project reserves and resources, now certified at over 1,000 petajoules, positioning the company as a key player in Queensland’s evolving gas and electricity markets.

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.

Elixir Energy has begun mobilisation for a three-week 2D seismic campaign across its highly prospective acreage in Queensland’s Taroom Trough, aiming to advance gas resource appraisal and meet farm-in commitments with Santos.

ADX Energy has released an updated assessment of its Welchau well in Austria, revealing a significant increase in prospective gas-condensate and light oil resources. The 2024 drilling results highlight promising reservoir conditions and pave the way for further appraisal.

H3 Energy’s latest technical review reveals promising signs for commercial gas flow at the Warro Field, setting the stage for a targeted appraisal campaign.

Omega Oil and Gas has locked in Helmerich & Payne’s FlexRig® 648 to power an expanded 2026/27 drilling campaign in Queensland’s Taroom Trough, aiming to unlock a vast unconventional oil and gas resource.

Jade Gas Holdings has completed its appraisal program for the TTCBM Project in Mongolia, setting the stage for regulatory approvals and commercial development of a major domestic gas resource.

Amplitude Energy has delivered a standout half-year performance with record gas production and a 246% jump in profit, while advancing key projects and strengthening its balance sheet.

Eastern Gas Corporation Limited is set to raise $5.5 million through an IPO to fund drilling and flow testing at its Queensland gas exploration permits, aiming to prove commercial viability in the Surat and Cooper Basins.

TMK Energy Limited reveals strong pilot well results and a robust phased development plan for its Gurvantes XXXV Coal Seam Gas project in Mongolia, underpinned by independently certified resources and strategic partnerships.