Latest Oil And Gas Exploration News

Brookside Energy reports robust early production from its ninth horizontal well in the SWISH Play, delivering solid cash flow and promising project economics.

3D Energi is gearing up to drill up to six exploration wells in the offshore Otway Basin, targeting a massive 9.2 trillion cubic feet of prospective gas resources. The entry of Korea National Oil Corporation into the joint venture adds strategic weight to this pivotal East Coast energy project.

Red Sky Energy reports steady cash flow from Innamincka’s Yarrow 3 well, progresses a key farmin deal at Killanoola, and unveils maiden resource estimates offshore Angola, despite some project delays.

Strike Energy has announced a strategic placement and share purchase plan raising up to A$103 million to advance its core Perth Basin gas projects, backed by a significant investment from Carnarvon Energy. This funding underpins key developments targeting first production by late 2026 and a final investment decision for West Erregulla.

Carnarvon Energy has committed up to $89 million to acquire nearly a 20% stake in Strike Energy, gaining strategic exposure to Western Australia’s growing gas market while maintaining its own development plans.

88 Energy Limited reports significant progress on its Alaskan projects with a robust prospective resource base and advancing farm-out deals, while securing a key license extension in Namibia and negotiating asset divestment in Texas.

Elixir Energy has advanced its strategic plan in Queensland’s Taroom Trough, appointing a new COO, initiating a major cost reduction, and preparing to drill key exploration and appraisal wells that could unlock significant gas resources.

Noble Helium appoints Dennis Donald as Executive Chairman and secures a $200k loan to accelerate its North Rukwa helium project, backed by positive technical reviews.

Omega Oil & Gas has secured a $7.3 million refundable R&D tax offset for FY23, bolstering its financial position and supporting ongoing development of its promising Canyon Project in Queensland.

Vintage Energy has addressed an ASX compliance issue related to the timing of its May 2025 securities issuance, confirming reliance on its placement capacities to maintain regulatory adherence.

Otto Energy has announced the resignation of its Acting CEO, Phil Trajanovich, after a year in the role. The board is now actively seeking a permanent replacement to lead the company forward.

Buru Energy has taken a major step forward in developing its Rafael Gas Project through a strategic partnership with Clean Energy Fuels Australia, aiming for first cash flow by late 2027. The company also divested non-core assets to focus capital on this flagship project.