Latest Resource Appraisal News

Elixir Energy has commenced drilling at the Lorelle-3 appraisal well in Queensland’s Taroom Trough, targeting significant gas resources with plans for advanced testing by mid-2026.

3D Energi’s Charlemont-1 exploration well has intersected probable gas reservoirs in multiple Waarre sandstone layers offshore Victoria’s Otway Basin, marking a promising step in the company’s exploration program.

Bass Oil’s latest Triassic gas study reveals promising new structural features around the Kiwi gas discovery, suggesting a valuable new commercial hub in the northern Cooper Basin.

Elixir Energy has secured a specialized rig imported by Shell to drill the pivotal Lorelle-3 appraisal well in Queensland’s Taroom Trough, with operations set to begin in January 2026. This move aims to validate Elixir’s substantial gas resources adjacent to Shell’s acreage.

Omega Oil and Gas has inked a binding Letter of Intent with Helmerich & Payne for a cutting-edge drilling rig to spearhead its expansive 2026/27 Taroom Trough appraisal program, aiming to unlock significant unconventional gas and liquids resources.

Fitzroy River Corporation reported steady royalty income for the June quarter and highlighted significant progress on several royalty projects, including government approvals for Buru Energy’s Rafael Gas Project and a major equity raise for Endura Mining’s Snowy River Gold development.

Buru Energy secured key government approvals and identified a promising new gas prospect beneath its Rafael field, while raising $4.4 million to fund development activities. The company is gearing up for a Final Investment Decision in 3Q 2026, aiming for first material cash flow by 2028.

Fulcrum Lithium’s Phase 2 drilling at Alkali Flats in Nevada reveals thick, high-grade lithium claystone mineralisation over a large area, advancing the project toward resource definition.

Buru Energy has secured environmental approval for its 2026 Rafael resource appraisal drilling campaign, a crucial step toward final investment and first cashflows by 2028.

Bridgeport Energy reports stable petroleum reserves of 4.1 million barrels of oil equivalent and 4.9 million barrels of contingent resources as of July 2025, underpinning its ongoing production and future gas development plans.

Buru Energy advances its Rafael Gas Project in Western Australia with a focus on sustainable growth, targeting a final investment decision in 2026 and production start in 2028. The project aims to supply local power generation with trucked LNG and condensate, replacing costly imports.

Noble Helium has upgraded its North Rukwa helium resource estimate by nearly 30%, driven by fresh data and a refined charge model, setting the stage for a targeted drilling campaign.