Latest Seismic Exploration News

Macallum New Energy has lifted the arithmetic mean prospective gas resource across its EP 494 portfolio to 2,506 PJ after new 3D seismic and reprocessed 2D data sharpened several targets. The company is now seeking a joint venture partner for up to two exploration wells targeted for the second half of 2027.

Prominence Energy has secured $1.56 million through a discounted share placement to fund key technical work and licence approvals at its Gawler Helium and Hydrogen Project, positioning the company for upcoming exploration milestones.

Invictus Energy has raised $10 million in a placement to fund the drilling of the Musuma-1 exploration well, targeting a substantial gas and condensate resource in Zimbabwe’s Cabora Bassa Basin. The well, planned for H2 2026, aims to build on the Mukuyu discovery and accelerate commercial development.

Macallum New Energy has progressed its seismic exploration in the North Perth Basin with the Barberton 3D survey underway and Condor 2D survey approved, while appointing Greenwood Capital Partners to enhance its UK and European market presence.

Blue Energy Limited reports steady progress in its Sapphire Pilot gas production despite operational interruptions and ongoing environmental authority appeals, while advancing seismic exploration in the Northern Territory.

Whitebark Energy moves forward with its bid to acquire King Energy, initiating advanced remote sensing studies to pinpoint hydrogen, helium, and hydrocarbon emissions in South Australia's Officer Basin. These efforts set the stage for targeted geochemical surveys and seismic exploration in 2025.