Latest Queensland Petroleum News

Key Petroleum recorded no exploration, development or production activity in the September quarter as eight Queensland applications remained undecided. A A$247,053 placement lifted cash to A$329,410, but the company’s own funding estimate points to a limited runway on current outflows.

Omega Oil & Gas has been selected as preferred tenderer for 1,138 square kilometres of new Taroom Trough acreage, taking its operated position to 2,947 square kilometres. The award remains subject to Queensland Government processes, but would materially enlarge the company’s exploration inventory alongside Beach Energy and Tri-Star E&P.