Latest Oil Production News

AXP Energy has completed a successful 60-day gas-to-power trial at its Pathfinder Field, delivering 1.5 MW of off-grid power and generating maiden natural gas revenue. The company is accelerating its expansion plans, backed by NASDAQ-listed BitFuFu, aiming to scale operations to 25 MW by year-end.

Bounty Oil and Gas NL reported steady progress in Queensland oil production and development, increasing reserves to 313,000 barrels, while pursuing a Federal Court review of the PEP 11 offshore permit refusal. The company also completed a modest $231,000 entitlement offer to support ongoing exploration and development.

Finder Energy reports 95% completion of its Ikan 3D seismic reprocessing project, underpinning strong production forecasts and active funding efforts for the Kuda Tasi and Jahal oil fields in Timor-Leste.

Cue Energy Resources delivered a robust quarter with production rising to 1,700 boe/d and a $7 million dividend payout, while advancing development projects in Australia and Indonesia.

Lion Energy is making significant strides in its Port of Brisbane green hydrogen project with EPC contract negotiations underway, while gearing up for a key drilling campaign at its East Seram oil prospect in 2025.

Bass Oil Limited reported a 2.9% increase in total sales revenue for January 2025, driven by steady daily production and notable gains in both the Cooper Basin and Indonesian operations. The company is advancing gas appraisal efforts that could unlock significant new resources.

Bounty Oil and Gas NL reports steady cash reserves and rising oil production in Queensland, while facing regulatory setbacks offshore. The company’s strategic developments and entitlement offer position it for growth in 2025.

AXP Energy reports a 12% decline in oil production but a 9% revenue increase, driven by strategic gas-to-power initiatives and a new joint development agreement.

Bass Oil Limited reported a 27% drop in quarterly revenue amid natural production declines but highlighted promising developments in its Kiwi gas field project in the Cooper Basin.

Otto Energy delivered a solid Q4 2024 with a 6% rise in production and a 4% increase in revenue, supported by operational improvements and disciplined cost management. The company also navigates a pending ATO ruling on a significant shareholder capital return.

Little Green Pharma reports a robust 75% revenue increase to $9.5 million for December quarter, driven by strong European market growth and strategic product launches.

Australian Agricultural Projects Ltd reports a robust quarter with healthy orchard growth and forecasts a significant increase in olive oil production for 2025, alongside strategic lease renewal initiatives.