Latest Oil Exploration News

Pancontinental Energy reports a significant 3.8 billion barrels of net prospective oil resources at its Saturn Complex in Namibia’s PEL 87, advancing farmout talks and environmental approvals for exploration drilling.

Jupiter Energy Limited has extended the closing date for its General and Director Placement Offers to March 3, 2025, adjusting its capital raising timetable amid ongoing development plans in Kazakhstan.

ADX Energy has strategically optimised its Upper Austria licences, significantly expanding its shallow gas prospects and securing high-impact oil and gas targets, positioning itself for rapid production growth amid rising European gas prices.