Latest Gas News

SGH Ltd reported solid FY25 results with EBIT rising 8% to $1.54 billion, supported by strong performances in Boral and WesTrac, alongside a 49% surge in operating cash flow. The company projects continued earnings growth in FY26 amid disciplined capital management and operational improvements.

AXP Energy has raised A$2.7 million through a two-tranche placement to expand its innovative gas-to-power-bitcoin mining operations and accelerate oil and gas drilling activities in Oklahoma.

Tamboran Resources’ Shenandoah South 2H sidetrack well has achieved a record 90-day average gas flow rate in the Beetaloo Basin, maintaining stable production and advancing the company’s multi-well drilling campaign.

Santos Limited has agreed to extend the exclusivity period with the XRG Consortium, allowing more time to finalize due diligence for a potential A$8.89 per share cash takeover. The extension keeps the door open for competing bids, maintaining shareholder options.

Yari Minerals has integrated new data from three recently drilled coal seam gas wells, revealing thicker coal seams near its Rolleston South Coal Project. This promising development could expand the project's existing 151 Mt Inferred Resource.

X2M Connect Limited has completed a $309,000 entitlement offer by issuing 23.76 million new shares and options, while a substantial shortfall of nearly 127 million shares remains available for placement.

TMK Energy has safely drilled and cased the LF-07 pilot well at its Gurvantes XXXV Coal Seam Gas Project, intersecting 54 metres of net coal and setting the stage for imminent production.

5E Advanced Materials has released a robust Preliminary Feasibility Study for its Fort Cady Project in California, highlighting a 39.5-year mine life and strong economics with a pre-tax NPV7 of US$724.8 million and a 19.2% IRR.

Xstate Resources has extended its Re-compliance Prospectus Offer deadline to 21 August 2025, aiming to meet ASX conditions for re-admission by raising at least $2 million from 300 new investors.

Key Petroleum Limited has appointed Yan Zhao as Managing Director, bringing over two decades of mining and exploration expertise to the helm. The move signals potential strategic shifts amid a modest remuneration package.

Anson Resources has confirmed its Bosydaba#1 well can supply brine at 6,000 barrels per day, meeting the flow requirements for its planned lithium extraction demonstration plant in Utah. This milestone reduces costs and accelerates project timelines.

D3 Energy’s latest re-test of the RBD10 well in South Africa’s ER315 permit shows a remarkable 38% increase in gas flow, underscoring unique reservoir dynamics that could lower development costs.