Latest Well Development News

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.

Emperor Energy has secured $3 million through a share placement to fund the Judith-2 Well development, appointing a suite of technical consultants to accelerate progress in the Gippsland Basin. The company’s strategic moves position it to unlock significant gas resources critical for South-Eastern Australia’s energy supply.

Constellation Resources reports promising drill results at its newly acquired Ularring Copper Gold Project and significantly expands its natural hydrogen exploration acreage in Western Australia, partnering with CSIRO to enhance prospectivity studies.

Bubalus Resources has secured critical exploration licenses and permits across multiple projects, positioning itself for a pivotal drilling campaign in Victoria and rare earth exploration in the Northern Territory and Western Australia.