Latest Gas News

Brookside Energy has successfully established first oil and gas sales from its Bruins Well in Oklahoma’s Anadarko Basin, marking a swift and on-budget achievement that strengthens its production base and cash flow.

Condor Energy has significantly enhanced its exploration prospects offshore Peru through advanced reprocessing of legacy 2D seismic data and a comprehensive geochemical review, boosting confidence in large prospective oil resources.

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.

Xstate Resources has disposed of its 20% stake in the Austrian Anshof project, shedding liabilities and production to sharpen focus on its promising Diona project and upcoming ASX re-listing.

Miramar Resources has identified several new Iron Oxide Copper-Gold targets at its Whaleshark Project in Western Australia, supported by advanced geophysical modelling and encouraging drilling results.

Blue Star Helium has successfully drilled the State 9 well at its Galactica helium project in Colorado, confirming natural gas flow and progressing towards production. Laboratory tests on helium and CO2 concentrations are underway as the company prepares for production tie-in.

Tamboran Resources has successfully closed the first tranche of its PIPE, raising US$38.7 million to advance its Beetaloo Basin projects, with a second tranche pending shareholder approval.

The Arkansas Oil & Gas Commission has approved a 2.5% lithium royalty for brine projects, providing Pantera Lithium with regulatory clarity and a competitive fiscal framework that enhances its Smackover Project’s commercial prospects.

Pacific Edge Limited reported a resilient FY25 performance despite losing Medicare coverage for its Cxbladder tests in the US, announcing a $20 million equity raise to support commercialization and growth.

Vintage Energy has successfully completed a $2.1 million capital raise through fully subscribed Entitlement and Shortfall Offers, aiming to enhance gas output from its Cooper Basin fields.

Woodside Energy and its partners have welcomed the Australian government's proposed environmental approval extension for the North West Shelf Project, securing its future and supporting thousands of jobs.

FAR Limited has been formally hit with a $6 million claim from Woodside Energy related to unrecoverable petroleum expenditures in Senegal, raising questions about potential financial exposure.