Latest Oil And Gas Exploration News

Beetaloo Energy has completed key civil works at its Carpentaria Pilot site and is progressing installation of the Carpentaria Gas Plant, with an extended production test set for mid-June. A significant seismic survey targeting over 20 TCF of resources in Western Beetaloo is scheduled to start later this month.

Invictus Energy confirms the Petroleum Production Sharing Agreement for its Cabora Bassa Project is material information disclosed promptly following government notification.

Lakes Blue Energy reports promising pressure build-up and confirms extensive gas-bearing sands at Wombat-5, targeting enhanced perforation and flow testing in late August 2026.

Bounty Oil & Gas NL has issued a prospectus offering over 632 million new options to eligible investors as part of a broader recapitalisation, potentially raising $6.3 million if exercised.

Macallum New Energy has expanded its exploration prospects in the underexplored southern North Perth Basin with a new oil and gas prospect, Aberfeldy, and plans to pursue helium and hydrogen exploration following recent regulatory changes.

Emperor Energy has submitted a revised Environmental Plan for its Judith-2 appraisal well and is advancing drilling preparations, including securing contractors and negotiating the Valaris-107 rig contract for a late Q1 2027 start.

Red Sky Energy has kicked off site preparation for a drilling campaign targeting two wells at Yarrow and one at Willowie in South Australia’s Innamincka Dome, aiming to leverage existing infrastructure for efficient gas production.

Elixir Energy has kicked off the stimulation and testing phase at its Lorelle-3H appraisal well, aiming to validate commercial gas and condensate flow rates from Queensland’s Taroom Trough basin-centred gas play.

Bounty Oil & Gas NL has locked in A$4.5 million from a heavily oversubscribed share placement, with proceeds earmarked for drilling, facility upgrades, and exploration across its Australian assets.

Carnarvon Energy has locked in the Transocean Equinox rig for a pivotal 2027 drilling campaign targeting major prospects in the Bedout Sub-basin, with costs comfortably covered by its strong cash reserves.

Bass Oil Limited offers up to 24 million free attaching options to recent placement participants, alongside nearly 8 million options to its lead manager PAC Partners, with no new funds raised from the options issue.

Tamboran Resources has finalized its acquisition of Falcon Oil & Gas subsidiaries, expanding its Beetaloo Basin footprint to 2.8 million net prospective acres and gearing up for an active 2026 drilling program.