Latest Petroleum Exploration News

Buru Energy has agreed to sell its hydrogen-focused subsidiary 2H Resources and non-core Canning Basin assets to Koloma Australia for up to AUD 2 million, marking a strategic pivot towards its Rafael Gas Project.

Xstate Resources Limited has announced a re-compliance capital raising to fund its acquisition of a 51% interest in the Diona Project in Queensland and the drilling of the Diona-1 well, aiming to resume ASX trading.

Prominence Energy Ltd has acquired the expansive Gawler Hydrogen Project, positioning itself at the forefront of natural hydrogen exploration in South Australia. This strategic move aligns with the company’s focus on early-stage, high-return energy sector opportunities.

Prominence Energy has agreed to acquire a vast natural hydrogen and helium exploration portfolio on the Gawler Craton, backed by a $1.75 million capital raise and strategic board appointments.

Lakes Blue Energy NL has secured $6.5 million through a fully underwritten placement to fund drilling at its Wombat Gas Field in Victoria, aiming to address looming gas supply shortages on Australia's east coast.

Pancontinental Energy reports a significant 3.8 billion barrels of net prospective oil resources at its Saturn Complex in Namibia’s PEL 87, advancing farmout talks and environmental approvals for exploration drilling.

Invictus Energy has secured a three-year extension for its Cabora Bassa Basin licence and gained environmental approval for pilot gas production, setting the stage for expanded exploration and early commercialisation in Zimbabwe.

Bounty Oil & Gas, through its joint venture operator Asset Energy, has initiated a judicial review against the refusal to vary and extend the PEP-11 offshore petroleum exploration permit. The legal challenge could reshape the future of this key Sydney Basin asset.

Advent Energy, with BPH Energy as a significant stakeholder, has launched a judicial review against the Federal Government’s refusal to extend the PEP-11 offshore petroleum permit, seeking to overturn the decision and force reconsideration.

Whitebark Energy has identified promising hydrogen and hydrocarbon emission hotspots at King Energy’s Alinya Project in South Australia, following a detailed multispectral remote sensing study. These findings set the stage for targeted in-field testing and exploration drilling planned for later in 2025.

Gold Hydrogen Ltd has reported the detection of rare Helium-3 in its Ramsay Project gas samples, alongside record-high helium purities, while expanding its exploration footprint in South Australia.

Lakes Blue Energy reported a $1.5 million quarterly operational spend and completed the $6.5 million sale of its 49% interest in PEP 169, while progressing drilling approvals for the Wombat-5 well in Victoria.