Latest Well Completions News

GoldArc Resources has cleared a key regulatory hurdle for Mt Stirling, completed grade control drilling at Mt Stirling Well and continued to find high-grade gold across its Leonora projects. The company ended September with A$2.831 million in cash and A$2.5 million of unused funding facilities, but a mining start date remains unsettled.

Peninsula Energy has reported materially stronger flow rates at several Lance header houses and reconfirmed its 500,000 to 600,000-pound CY2027 production target. The operational gains come alongside a US$30 million convertible debt draw, US$11.5 million of quarterly operating cash outflows and only 2.9 quarters of estimated funding at the current burn rate.

Elixir Energy has agreed to farm out half of its interests across much of the Taroom Trough to Beach Energy for $25 million in cash and a four-year, $180 million gross carried work program. The deal could materially reduce Elixir’s funding burden, but completion still depends on several approvals and conditions.

Brookside Energy has started stimulation work on two wells at its Suttles Pad in Oklahoma, with 64 stages planned before drill-out, flowback and production. The milestone brings the company’s approximately 70% working interest in the development closer to first sales, although no production date or volume guidance was provided.

Bass Oil has put a 1,280-barrel-per-day Bunian 6 test and planned Vanessa gas sales at the centre of its next growth phase. The company is also promoting Kiwi as a larger, longer-dated development opportunity, although much of the upside remains subject to testing, funding and execution.

Elixinol Wellness has finalized the divestment of its US operations to Ananda Health, securing upfront and deferred payments totaling approximately A$465,000. This move refocuses the company on its Australian health and wellness portfolio while reducing exposure to US regulatory risks.

Bass Oil’s Bunian 6 well in Indonesia has uncovered a previously untested third oil pay zone, set to triple production and boost field reserves potential.

Beetaloo Energy is advancing its vast gas resource in the Beetaloo Basin, aiming for first gas sales by late 2026, backed by a binding NT Government agreement and key infrastructure investments.

Bass Oil’s Bunian 6 well has met expectations by intersecting oil in key reservoirs, aiming to boost Indonesian production from 250 to 750 barrels per day. The well is expected to come online in early September, marking a significant step in the company’s growth strategy.

Eastern Gas Corporation reports robust gas indications and steady progress at its Venus-2H horizontal appraisal well in Queensland's Surat Basin, advancing toward a key well intersection and flow testing phase.

Galilee Energy’s Zydeco-1 well in Louisiana has intersected the Homeseeker B sand as predicted, revealing strong gas indications that were not factored into prior financial models. Drilling now advances toward the primary Tweedel Sand target, with electric logging due late July to assess commercial viability.

Beetaloo Energy's Carpentaria-5H shale gas well delivered a steady 6.9 TJ/day average over a 30-day flow test, reinforcing the quality of the Velkerri Shale reservoir and supporting recoverable gas estimates ahead of the Carpentaria Gas Plant commissioning.