Latest Production Testing News

HyTerra Ltd is raising up to $7 million through a non-renounceable entitlement offer to fund leasing, drilling, and data acquisition as it advances its geologic hydrogen projects.

Elixir Energy has completed its Lorelle-3/3H appraisal well with exceptional gas-condensate pay and the longest lateral drilled in the Taroom Trough. The company enters production testing phase fully funded with $22.3 million liquidity and a $10 million R&D-backed debt facility.

Xstate Resources has kicked off the stimulation program at its Diona-1 gas well in Queensland and raised $1.69 million through a strategic placement to fund next steps including pipeline connection and extended testing.

ADX Energy has started drilling its HOCH-1 shallow gas well in Upper Austria, aiming to unlock significant prospective resources amid high European gas prices. The well is the first of three planned shallow gas targets for 2026.

Michael Hill International’s 2026 Investor Day highlights sustained sales growth, a streamlined brand portfolio, and a disciplined return to dividends, underpinned by AI-driven retailing and a reset of the Bevilles brand.

NewPeak Metals has completed a significant drilling campaign at its Tansey Gold Project with assay results due soon, while gearing up for a substantial drill program at Las Opeñas in Argentina. The company holds $1.4 million cash and a notable stake in Lakes Blue Energy as it weighs options for its uranium assets.

Elixir Energy and APA Group have partnered to assess the optimal pipeline route for gas from the Lorelle pilot project to Queensland’s Wallumbilla Gas Hub, aiming to support future development decisions.

Blue Star Helium has completed Stage 1 of its Galactica Project, tying six wells into the Pinon Canyon facility and initiating spot-priced helium sales as it moves toward continuous operations and long-term contracts.

Alpha HPA Limited reports a surge in semiconductor sector demand driven by AI infrastructure expansion, with significant upgrades in Letters of Intent from key Japanese customers and ongoing capacity expansion.

Lakes Blue Energy has temporarily halted gas flow testing at its Wombat-5 well to conduct extended pressure analysis, planning a perforation program to enhance production prospects.

Elixir Energy has marked a pivotal step in developing Queensland’s Taroom Trough gas resource with the successful drilling of the Lorelle-3 well and ambitious appraisal plans set for 2026. Positioned near key infrastructure and backed by major players, the company is poised to accelerate commercialisation efforts in this emerging energy hub.

Elixir Energy has completed drilling the Lorelle-3H well in Queensland’s Taroom Trough, achieving over 1,000 metres of high-quality net gas-condensate pay and setting a new benchmark for lateral drilling in the basin. A multi-stage fracture stimulation and production test is planned for Q2 2026, potentially paving the way for Elixir’s first reserves booking.