Latest Well Development News

Botala Energy has successfully brought new wells online at its Serowe Coal Bed Methane project, significantly boosting reservoir pressure and advancing its LNG development plans. The company also completed Phase 1 of its Bankable Feasibility Study and raised A$1.25 million to fund ongoing exploration and engineering.

Top End Energy has made significant strides in its Serpentine Natural Hydrogen Project in Kansas, expanding its leasehold and initiating a farm-out process amid growing industry interest. Meanwhile, exploration continues in Australia’s Beetaloo Basin as the company prepares for a U.S. investor push through an upcoming ADR listing.

Aguia Resources has reported promising initial diamond drilling results at its Santa Barbara gold project in Colombia, confirming high-grade gold mineralisation continuity beneath existing underground workings. The ongoing drilling program aims to delineate an extensive mineralised vein system with further assay results expected soon.

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.

Piche Resources has received formal environmental approval to begin its maiden drilling campaign at the Cerro Chacon gold-silver project in Argentina, targeting a 14 km mineralised corridor with 57 planned drill holes.

Cobre Limited has delineated a significant new zone of copper and silver mineralisation at its Ngami Copper Project in Botswana, advancing its resource development plans. The company has engaged WSP to prepare a Mineral Resource Estimate, underpinning its innovative In-Situ Copper Recovery strategy.

Bass Limited’s May 2025 AGM update highlights a strategic acquisition and capital raising to accelerate its emergence as a key Australian gas producer, focusing on Cooper Basin and Indonesian assets.

Elixir Energy has unveiled a strategic, fully funded plan to develop its extensive gas resources in Queensland’s Taroom Trough, aiming for initial production by late 2027. The company leverages its dominant acreage position alongside Shell’s operations and a fast-follower approach to unlock multi-TCF reserves.

Santana Minerals reports promising assay results from recent drilling at its Rise and Shine deposit, revealing extensions of high-grade gold mineralisation beyond current resource boundaries. These findings hint at significant upside potential for the project’s resource base.

Echelon Resources delivered a robust March 2025 quarter with production volumes up 5% and development wells at Mereenie surpassing expectations. The company also moved to acquire full operatorship of EP145 in the Amadeus Basin, signaling strategic growth despite exploration setbacks.

QPM Energy reports a substantial 61% upgrade in Moranbah Gas Project reserves to 435PJ, successfully integrates Moranbah Power Station operations, and begins overhaul of Townsville Power Station, navigating weather disruptions and contract renewals.

Blue Star Helium has reported robust flow rates from multiple development wells and received permitting approval for a helium and CO2 processing plant, advancing its path to first production in H1 2025.