Latest Oil And Gas News

Finder Energy has extended the Kuda Tasi and Jahal project’s Final Investment Decision deadline to 30 November, after widening its international EPCI tender process. The company says debt financing is nearing its final stages, but the delay adds another checkpoint before its late-2027 drilling target.

Xstate Resources has secured preferred tenderer status for a 305 square kilometre block in Queensland’s Taroom Trough, with the company set to initially operate a four-party joint venture. The prospective acreage offers exposure to basin-centred gas, associated liquids and light crude, but the licence remains subject to government processes.

Beetaloo Energy has secured a 25% non-operated interest in a 305 square kilometre Taroom Trough block as part of a four-company joint venture selected as Queensland’s preferred tenderer. The position comes with no upfront consideration, while its initial two-year work program is intended to be funded from existing cash.

Stonehorse Energy returned to profit in FY2026 as Canadian production and oil exposure lifted revenue, while the company sold its US assets after year-end. The next test is whether Drumheller can convert production growth into sustainable cash flow while carrying new debt.

Helios Energy has posted a A$23.1 million FY2026 loss after writing off A$21.35 million in exploration assets. Its Presidio project retains a 17.5 million-barrel-of-oil-equivalent 2C contingent resource estimate, but the company warns that continued operations depend on further funding.

Lakes Blue Energy reported a $19.67 million FY26 loss, ended the year with just $433,804 in cash and disclosed a material uncertainty over its ability to continue as a going concern. Its key Wombat-5 well found gas-bearing zones but failed to establish commercial deliverability, leaving the company dependent on further remediation, flow testing and capital.

Jupiter Energy remained operationally cashflow positive in FY2026, but its cash position weakened sharply as revenue declined and drilling plans remained dependent on new funding. The Kazakhstan oil producer also carried US$13.87 million of interest-free promissory note debt after a post-year-end repayment.

H3 Energy has consolidated ownership of its Alinya hydrogen and helium project and reframed Warro as a potential commercial gas development, but its annual report warns that funding remains critical. The company ended FY2026 with A$900,434 in cash, net liabilities of A$551,671 and a material uncertainty over its ability to continue as a going concern.

Emperor Energy has secured NOPSEMA approval for the Judith-2 appraisal well, removing a major regulatory barrier ahead of targeted drilling in April 2027. The well will test a 166 Bcf contingent gas resource and investigate deeper prospective sands, although commercial conversion remains unproven.

Amplitude Energy has approved development of its East Coast Supply Project, targeting first gas in 2028 and gross production of up to 90 TJ a day. The decision also adds an exploration well to the campaign, lifting FY27 capital expenditure guidance by up to $80 million.

Emperor Energy has moved its Judith Gas Field closer to a targeted April 2027 appraisal well, with the VALARIS 107 rig lined up and regulatory work advancing. But the company’s auditor has highlighted a material uncertainty over its ability to continue as a going concern, with management forecasting a need to raise about $45 million through September 2027.

High Peak Royalties reported a A$1.59 million FY26 profit after completing its Northstar transaction, which generated a A$1.90 million accounting gain. The underlying royalty business was softer, with royalty revenue and operating cash flow both declining year on year.