Latest Gas News

State Gas Limited has independently certified a maiden 2P gas reserve of 30.2 petajoules at its Rolleston West Project, establishing a solid foundation for a pipeline-connected gas development aimed at the east coast market.

3D Energi has confirmed a natural gas discovery at the Essington-1 well in the offshore Otway Basin, supported by direct gas sampling and preliminary analysis. Further testing is planned to assess the commercial potential of the find.

Abacus Group reported a solid FY25 with modest growth in funds from operations and stable distributions, underpinned by strong leasing activity and a diversified commercial portfolio. The Group also highlighted significant progress in sustainability and reaffirmed its FY26 guidance amid improving market conditions.

AXP Energy reports sustained strong flowback at its Charlie #1 well in Oklahoma, moving swiftly to install infrastructure for natural gas sales and early revenue generation.

Sonic Healthcare has reaffirmed its FY2026 EBITDA guidance with up to 13% growth, reported solid FY2025 financial results, and announced a strategic acquisition in Germany alongside notable sustainability progress.

88 Energy Limited has expanded its North Slope footprint with 14 new leases near the Prudhoe Bay oilfield, targeting high-quality Ivishak reservoirs and underexplored areas east of the Trans Alaska Pipeline. The company plans seismic reprocessing and a multi-zone exploration well in 2026.

Conrad Asia Energy has partnered with PT Nations Natuna Barat to farm down a majority stake in the Mako gas field, securing full funding for its development and reducing capital risk. The deal positions Conrad to focus on other exploration assets while retaining operational control.

Bass Oil Limited reported a 32% jump in October sales revenue alongside a 4% rise in daily production, while advancing its strategic Vanessa gas field acquisition targeting first gas sales in the second half of 2026.

Alma Metals reports promising assay results from the top 231m of its deepest drill hole at the Briggs Copper Project, confirming continuous copper mineralisation and prompting an extension of the drilling program.

LGI Limited reported robust FY25 results, expanding electricity capacity by 44% and increasing EBITDA by 14%, driven by new landfill gas contracts and battery storage projects. The company is well positioned to capitalize on Australia’s renewable energy transition and evolving carbon credit market.

Horizon Oil Limited reported robust FY25 results, highlighted by a strategic acquisition of Thailand upstream assets and a 10-year permit extension at Maari, nearly doubling production and securing a strong outlook through 2030.

Condor Energy has identified a promising new hydrocarbon prospect, Raya West, adjacent to its existing Raya Prospect offshore Peru, significantly enhancing its exploration portfolio with advanced seismic analysis confirming multiple stacked oil-bearing intervals.