Latest Well Development News

Finder Energy is targeting a final investment decision for its Kuda Tasi-Jahal oil project by 30 November, with approvals and engineering largely complete. The decisive hurdles now sit in financing and contract awards, including the rig, shipyard and EPCI packages.

Botala Energy’s Serowe CBM project has reached its most important testing phase after well 3.5B delivered strong early water production and casing pressure. The operational progress is material, but the company still faces a funding hurdle and has not yet demonstrated sustained commercial gas flow.

Red Sky Energy has started drilling Yarrow 5 in South Australia, the second well in a three-well development program operated by Santos. The well is expected to reach 2,775 metres by 14 September, with a further re-entry planned before first gas from Yarrow North 1 is targeted for early 2027.

Brookside Energy has expanded its US production base by acquiring Lone Star’s oil and gas interests, adding 123 BOEPD of low-decline, cash-flowing assets without issuing new equity.

Breakthrough Minerals extends high-grade copper-gold mineralisation at its Turpentine deposit with new drill results confirming resource growth potential in North Queensland.

Blue Star Helium has delivered its third helium trailer from the Pinon Canyon Plant, signalling steady progress toward full production capacity. A fourth trailer is currently being filled as the company pursues further plant optimisation and commercialisation of CO2 byproduct.

True North Copper has pushed the high-grade copper mineralisation at its Aquila discovery deeper by 100 metres, confirming continuity and scale at Mt Oxide. Key drill results include a standout 130-metre intercept averaging 0.67% copper, with a six-metre zone hitting 5.7% copper.

Pursuit Minerals has unveiled a comprehensive geological mapping study at its Sascha Marcelina Project in Argentina, defining a district-scale volcanic-hydrothermal system with five priority targets and setting the stage for maiden drilling from September 2026.

True North Copper’s latest diamond drilling at Mt Oxide validates the Aquila discovery as a broad, continuous copper-cobalt-silver system with well-defined higher-grade zones, extending mineralisation over 1.8km strike and reinforcing its standalone development potential.

Brookside Energy has successfully set and cemented intermediate casing at its Sabres well in Oklahoma’s Anadarko Basin, progressing into the lateral section and preparing for the next phase of drilling at the Suttles pad.

Kinetiko Energy is progressing rapidly from exploration to production with a major onshore gas discovery in South Africa, targeting first commercial compressed natural gas by late 2027 through a phased, capital-efficient development.

Australis Oil and Gas has submitted a permit application for the first well under its US$46.25 million carried work program in the Tuscaloosa Marine Shale, targeting a Q4 2026 spud and expanding its held-by-production acreage.