Latest Oil And Gas Exploration News

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Blue Energy Limited has addressed ASX concerns over the timing of its Cleansing Notice related to the grant of Production Licence PL 1034 for its Sapphire gas project, confirming compliance with disclosure rules despite delayed formal notification.
Maxwell Dee
Maxwell Dee
15 Sept 2025
Xstate Resources has formalized its drilling plans for the Diona-1 well in Queensland’s Surat-Bowen Basin, with rig mobilization scheduled for late September and early drilling results expected by October.
Maxwell Dee
Maxwell Dee
15 Sept 2025
Kinetiko Energy has achieved a record peak gas flow from its latest production test well at Brakfontein, significantly surpassing previous results and advancing its pilot LNG project in South Africa.
Maxwell Dee
Maxwell Dee
15 Sept 2025
Invictus Energy has extended its Exclusive Prospecting Orders in Zimbabwe’s Cabora Bassa Basin for another three years, setting the stage for a high-impact exploration campaign including the Musuma-1 well targeting substantial gas and condensate resources.
Maxwell Dee
Maxwell Dee
15 Sept 2025
Helios Energy has pinpointed a core unconventional sweet spot within its Presidio Project and identified promising conventional targets, setting a clear path to de-risk and unlock value through a dual-track development strategy.
Maxwell Dee
Maxwell Dee
10 Sept 2025
Stonehorse Energy has announced the immediate resignation of executive David Deloub following the termination of his services agreement, with the Executive Chairman stepping in to manage operations.
Maxwell Dee
Maxwell Dee
4 Sept 2025
Lion Energy has agreed to sell its minority interest in the Seram Non-Bula PSC for US$1.2 million, refocusing its efforts on the higher-potential East Seram PSC exploration program.
Maxwell Dee
Maxwell Dee
4 Sept 2025
Xstate Resources has secured $2.14 million through its Re-compliance Prospectus offer and is on track to meet ASX conditions for re-listing, with drilling at its Diona Project set to begin in late September.
Maxwell Dee
Maxwell Dee
3 Sept 2025
Invictus Energy's Cabora Bassa Project in Zimbabwe has been officially granted National Project Status, alongside finalising key terms of its Petroleum Production Sharing Agreement, marking a significant step towards commercial gas production.
Maxwell Dee
Maxwell Dee
2 Sept 2025
Hartshead Resources NL has had its trading suspension lifted following a significant announcement about a well carry agreement tied to its P2607 Licence. This development marks a pivotal moment for the company’s exploration prospects.
Maxwell Dee
Maxwell Dee
1 Sept 2025
MEC Resources Ltd has reported a net profit of $207,490 for the 2025 financial year, reversing prior losses, while advancing a significant legal challenge through its investee Advent Energy Ltd and raising $2.6 million via an entitlement offer.
Maxwell Dee
Maxwell Dee
29 Aug 2025
Hartshead Resources has voluntarily suspended trading on the ASX pending a significant announcement about a well carry agreement linked to its P2607 Licence. The suspension is set to last until the announcement or early September.
Maxwell Dee
Maxwell Dee
28 Aug 2025