Latest Oil And Gas Exploration News

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Xstate Resources has disposed of its 20% stake in the Austrian Anshof project, shedding liabilities and production to sharpen focus on its promising Diona project and upcoming ASX re-listing.
Maxwell Dee
Maxwell Dee
4 June 2025
Red Sky Energy has partnered with Condor Energy and associates to fund the drilling of the KN2 well at Killanoola, targeting a promising new reservoir zone identified by advanced seismic data. This move aims to boost production and accelerate cash flow from the South Australian oil project.
Maxwell Dee
Maxwell Dee
29 May 2025
FAR Limited has been formally hit with a $6 million claim from Woodside Energy related to unrecoverable petroleum expenditures in Senegal, raising questions about potential financial exposure.
Maxwell Dee
Maxwell Dee
28 May 2025
Brookside Energy has completed the stimulation phase of its Bruins Well in the Anadarko Basin, staying on schedule and budget, with flow-back and first sales planned for the second quarter of 2025.
Maxwell Dee
Maxwell Dee
27 May 2025
Otto Energy Limited has announced a special unfranked dividend of AUD 0.00143 per ordinary share, with key dates set for late May and mid-June 2025.
Maxwell Dee
Maxwell Dee
26 May 2025
Omega Oil and Gas has confirmed an extensive oil and gas system in Queensland’s Taroom Trough through high-quality logging at its Canyon-2 well, with DFIT testing now underway to further evaluate reservoir potential.
Maxwell Dee
Maxwell Dee
22 May 2025
Korea National Oil Corporation is set to acquire a 29% stake in the Otway Basin joint venture with 3D Energi and ConocoPhillips, strengthening the exploration push for East Coast Australia’s gas supply.
Maxwell Dee
Maxwell Dee
16 May 2025
Empire Energy has successfully raised $28 million through a placement and launched a $3 million Share Purchase Plan to fund critical development of its Carpentaria-5H well in the Beetaloo Sub-basin.
Maxwell Dee
Maxwell Dee
16 May 2025
Metgasco Ltd has announced a non-renounceable entitlement offer to raise approximately $0.75 million at a discounted price of 0.2 cents per share, aiming to fund production uplift programs and working capital. The offer is partially underwritten and includes a Top-Up Facility for eligible shareholders.
Maxwell Dee
Maxwell Dee
16 May 2025
Bass Limited’s May 2025 AGM update highlights a strategic acquisition and capital raising to accelerate its emergence as a key Australian gas producer, focusing on Cooper Basin and Indonesian assets.
Maxwell Dee
Maxwell Dee
15 May 2025
HyTerra Limited advances its Nemaha Project with the conversion of the Sue Duroche 3 well into a monitoring site, while preparing to drill the Blythe 13-20 well, marking key steps in its natural hydrogen exploration program.
Maxwell Dee
Maxwell Dee
15 May 2025
Bass Oil Limited has announced a $3.1 million rights issue to fund key projects including recommissioning a gas facility in Australia and drilling an oil well in Indonesia, aiming to significantly increase production and cash flow.
Maxwell Dee
Maxwell Dee
14 May 2025