Latest Oil Gas Exploration News

Frontier Energy Limited reported a sharp 90% increase in net loss to $210,593 for the half year ended June 2025, with no revenue recorded and no dividends declared.

Whitebark Energy has exercised its option to acquire the remaining 30% stake in the Alinya project, gaining 100% ownership after independent assessments confirmed significant hydrocarbon, hydrogen, and helium resources.

Lakes Blue Energy has resumed drilling at its Wombat-5 well in Victoria’s Gippsland Basin, overcoming earlier technical setbacks with a fresh contractor agreement. The company is making solid progress toward its target formation under a fixed price contract.

Kinetiko Energy reports a peak gas flow rate of 370 Mscfd from its optimised drilling at the Brakfontein well 271-KA03PT10, advancing its South African gas project.

ADX Energy has been awarded a new offshore gas exploration permit in the Sicily Channel, Italy, boasting significant prospective resources and strategic proximity to key infrastructure. The company plans further seismic work and drilling to unlock the permit’s potential.

Triangle Energy and Athena Exploration have significantly upgraded gas resource estimates for the UK P2628 permit, positioning themselves among the top undeveloped gas holders in the region.

BPH Energy has responded to an ASX price query following unusual trading activity, confirming no undisclosed information exists and pointing to ongoing legal matters involving its investee Advent Energy as context.

Buru Energy has identified a substantial new deep gas prospect, Flying Fox, beneath its proven Rafael gas field in Western Australia's Canning Basin, offering promising resource upside for its flagship project.

Tamboran Resources has achieved a landmark agreement with Native Title Holders and the Northern Land Council, enabling the sale of appraisal gas from the Beetaloo Basin. This paves the way for first gas delivery from the Shenandoah South Pilot Project by mid-2026, supporting Northern Territory energy security.

AJ Lucas Group’s UK arm Cuadrilla Resources has settled a long-standing dispute over shale gas licences, receiving £12.5 million and terminating the carry agreement. This resolution clears a financial uncertainty clouding the company’s UK operations.

Key Petroleum has completed a $152,361 placement, issuing over 3.6 million shares to a sophisticated investor to support merger preparations and working capital needs.

Key Petroleum Ltd has secured A$152,361 through a share placement aimed at supporting its merger preparations and corporate development initiatives.