Latest Queensland Gas Projects News

Xstate Resources reports smooth progress at its Diona-1 well in Queensland, completing stimulation and preparing for a 14-day flow test after detecting methane gas during flowback.

Elixir Energy has initiated fracture stimulation and flow testing at its Diona-1 well in Queensland’s Surat-Bowen Basin, aiming to confirm a larger gas resource footprint within the Taroom Trough. The well’s proximity to existing infrastructure offers a swift route to market if results prove positive.

Eastern Gas Corporation Limited has addressed ASX concerns regarding trading by a non-executive director and a related entity during a closed period, outlining remedial actions and governance reviews.

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.

Eastern Gas Corporation Limited is set to raise $5.5 million through an IPO to fund drilling and flow testing at its Queensland gas exploration permits, aiming to prove commercial viability in the Surat and Cooper Basins.

Blue Energy Limited reports steady progress on its Sapphire gas project and awaits key government decisions on additional resource areas, positioning itself strongly in Queensland's evolving energy landscape.

ASF Group Limited has settled a $1.07 million loan from Rey Resources by acquiring full ownership of Rey’s subsidiary holding stakes in key Queensland gas projects, marking a strategic shift from debt to asset-backed equity.

Eastern Gas Corporation Limited, a new ASX-listed subsidiary of Pure One Corporation, has lodged a Replacement Prospectus to raise $5.5 million for advancing its Queensland gas projects, targeting commercial production through horizontal drilling and fracture stimulation.

Eastern Gas Corporation Limited, a Pure One subsidiary, has lodged a prospectus to raise $5.5 million to advance exploration and development of its Queensland gas assets, aiming for a standalone ASX listing.

Elixir Energy is set to resume production testing at its Diona-1 well this quarter and prepare for the high-impact Lorelle-3 appraisal well drilling in January 2026, aiming to unlock significant gas resources in Queensland’s Taroom Trough.

Xstate Resources has confirmed 23 meters of net gas pay across three Permian sandstone zones in its Diona-1 well, setting the stage for upcoming flow testing that could redefine resource estimates.

Xstate Resources reports steady progress on its Diona-1 well in Queensland, confirming its majority ownership of ATP 2077 and targeting multiple proven gas reservoirs with promising potential.