Latest Gippsland Basin News

Amplitude Energy has successfully raised $131 million through an institutional entitlement offer and placement, positioning itself to accelerate growth projects including the Nestor prospect and Patricia Baleen restart.

Lakes Blue Energy has successfully drilled its Wombat-5 well to the planned depth in Victoria’s Gippsland Basin, revealing promising gas-saturated sands that echo previous successes.

Amplitude Energy Limited has announced a fully underwritten $150 million equity raising to fund the expansion of its East Coast Supply Project (ECSP+) and the potential restart of the Patricia Baleen gas field, aiming to boost gas supply in Australia’s constrained east coast market.

Amplitude Energy is expanding its East Coast Supply Project by adding a fourth well at the Nestor prospect and plans a potential restart of the Patricia Baleen field, supported by a $150 million equity raising to fund these growth initiatives.

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 encouraging natural gas readings from its Wombat-5 well in Victoria’s Gippsland Basin, advancing drilling towards a significant commercial gas target.

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.

Emperor Energy has initiated a farm-in process to fund the Judith-2 appraisal well, aiming to unlock substantial gas reserves offshore Victoria and address tightening East Coast gas supply.

Lakes Blue Energy has resumed drilling at its Wombat-5 well in Victoria’s Gippsland Basin, overcoming earlier technical setbacks with a fresh contractor agreement. The company is making solid progress toward its target formation under a fixed price contract.

Amplitude Energy has delivered record production and earnings in FY25, driven by operational improvements and a strategic joint venture for the East Coast Supply Project.

Lakes Blue Energy has commenced drilling the Wombat-5 well in Victoria’s Gippsland Basin, aiming to unlock a significant gas resource to help ease tightening supply on Australia’s east coast.