Latest Oil Gas Exploration News

Elixir Energy has been granted a 15-year retention license over its entire ATP2044 permit in Queensland’s Taroom Trough, securing 1,362 BCFe of 2C Contingent Gas Resources confirmed by the Daydream-2 well.

ADX Energy Ltd is gearing up to resume flow testing at its Welchau-1 well in February 2026 and plans to drill three additional shallow gas wells in Upper Austria, targeting a combined prospective resource of 8.0 BCF.

FAR Limited has agreed to promptly pay Woodside Energy a $6 million claim related to the 2021 sale of its interest in the RSSD Project, with a potential refund if Woodside recovers disputed costs from Senegal authorities.

Hydrocarbon Dynamics Limited has voluntarily suspended its shares on the ASX as it prepares to announce a significant transaction, stirring anticipation in the energy sector.

Elixir Energy has partnered with QGC to share 3D seismic data over a key Queensland gas permit, aiming to reduce risks ahead of the Daydream-3 appraisal well. This collaboration highlights the strategic importance of the Taroom Trough in Australia’s gas landscape.

Buru Energy has issued over 55 million attaching options to shareholders who participated in its recent share purchase plan, marking a significant step in its capital raising efforts.

3D Energi has raised $14.5 million through a well-supported placement to fund critical drilling and testing activities in the Otway Basin, aiming to unlock new gas reserves for Australia's East Coast market.

Greenvale Energy has successfully scaled its Alpha Torbanite Project test program by 40 times and commenced bulk sample production aiming for commercial bitumen certification.

Finder Energy has completed its farmout agreement with Serica Energy, acquiring a 20% interest in the Seaward Production Licence P2530 and continuing as operator during Phase B. The company is now conducting feasibility studies to determine whether to advance to Phase C or discontinue the licence.

Vintage Energy has signed a formal agreement to acquire Metgasco's 25% interest in the Southern Flank joint ventures for $5.9 million, advancing its strategic position in key gas assets.

Elixir Energy Limited has responded to ASX concerns over a delayed director interest disclosure, attributing the lapse to administrative changes and reaffirming its compliance protocols.

Pilot Energy is progressing its farmout process for the WA-481-P offshore gas project, eyeing early drilling at the Leander Gas Prospect before a delayed 3D seismic survey. The company targets first gas production by 2030 leveraging existing infrastructure.