Latest Oil And Gas Exploration And Production News

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Cue Energy Resources will pay a final dividend of 0.5 cents per share, with Echelon Resources set to receive approximately AUD 1.75 million from its near 50% stake. This payout underscores steady cash flow prospects for Echelon amid ongoing exploration efforts.
Maxwell Dee
Maxwell Dee
22 Aug 2025
Cue Energy Resources reported a 10.4% increase in revenue to $54.8 million for FY2025, driven by stable production and higher gas prices, but net profit after tax halved to $6.32 million due to rising costs. The company declared a final dividend of 0.5 cents per share.
Maxwell Dee
Maxwell Dee
22 Aug 2025
Otto Energy’s 2025 reserves statement reveals a 10% decline in proved reserves, balanced by strong cash reserves and steady production across key US Gulf Coast assets.
Maxwell Dee
Maxwell Dee
14 Aug 2025
Winchester Energy reported steady oil production and revenue for the June quarter while resolving key legal disputes and undergoing significant board changes. The company also withdrew from costly Peruvian exploration plans, focusing on US operations and cost control.
Maxwell Dee
Maxwell Dee
31 July 2025
ADX Energy reported a 23% rise in production to 303 BOEPD for Q2 2025, offsetting a 10% drop in Brent oil prices, while advancing key drilling plans and awaiting new permit awards.
Maxwell Dee
Maxwell Dee
31 July 2025
Bounty Oil and Gas reported $1.09 million in oil revenue for FY 2025, boosted reserves to 313,000 barrels, and plans to double production with Surat Basin operations starting late 2025. Meanwhile, a Federal Court challenge looms over its Sydney Basin offshore permit.
Maxwell Dee
Maxwell Dee
31 July 2025
Australian Oil Company Limited reported stable gas production from key wells and completed a $1 million loan forgiveness settlement, while refocusing its portfolio away from less promising leases.
Maxwell Dee
Maxwell Dee
31 July 2025
Stonehorse Energy Limited reported steady Q2 2025 results, driven by strong Canadian production despite lower commodity prices and operational setbacks in the US. The company also announced a strategic board appointment as it pursues growth opportunities.
Maxwell Dee
Maxwell Dee
31 July 2025
Hartshead Resources NL reports steady progress on its P2607 gas development in the UK Southern North Sea, supported by a strong cash position and ongoing joint venture negotiations with RockRose Energy.
Maxwell Dee
Maxwell Dee
31 July 2025
Metgasco reports a 4% dip in quarterly sales revenue and a 9% drop in production, while launching a Production Uplift Program funded by a $750,000 capital raise. Operational improvements at Odin and Vali fields helped slow the decline.
Maxwell Dee
Maxwell Dee
31 July 2025
Omega Oil and Gas reports strong appraisal progress at its Canyon Project, highlighting premium light crude oil and multiple stacked pay zones, supported by a robust $15.1 million pro forma cash position.
Maxwell Dee
Maxwell Dee
31 July 2025
Helios Energy has made significant strides in transitioning from exploration to production at its Presidio Project in Texas, supported by a $2.6 million capital raise and strategic U.S. hires. Early oil recovery and positive engagement with partners underscore its growing momentum.
Maxwell Dee
Maxwell Dee
31 July 2025