Latest Oil And Gas Exploration News

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Melbana Energy Limited’s March quarter report details modest crude production from the Alameda-2 well in Cuba and ongoing preparations for the Amistad-11 drilling, which remains on hold due to a joint partner’s funding default. The company holds $2 million in cash and continues to process seismic data to refine its subsurface models.
Maxwell Dee
Maxwell Dee
10 Apr 2026
Beetaloo Energy Australia Limited has announced a non-underwritten placement and a follow-on share purchase plan to raise approximately A$66.3 million at a discounted price, aiming to finance the completion of the Carpentaria Gas Plant and advance development activities targeting first gas sales in late 2026.
Maxwell Dee
Maxwell Dee
10 Apr 2026
Invictus Energy has secured renewal of its Environmental Impact Assessment in Zimbabwe and is poised to execute a key Petroleum Production Sharing Agreement, enabling significant exploration and appraisal activities in the Cabora Bassa Basin.
Maxwell Dee
Maxwell Dee
10 Apr 2026
Red Sky Energy has secured full underwriting for its 2-for-3 non-renounceable rights issue to raise approximately AU$4.2 million, supported by sub-underwriting commitments from related parties. Concurrently, the company has initiated a cost reduction program including a 25% pay cut for senior management and staff reductions.
Maxwell Dee
Maxwell Dee
10 Apr 2026
Elixir Energy and APA Group have partnered to assess the optimal pipeline route for gas from the Lorelle pilot project to Queensland’s Wallumbilla Gas Hub, aiming to support future development decisions.
Maxwell Dee
Maxwell Dee
10 Apr 2026
Condor Energy has agreed to acquire Jaguar Exploration’s 20% stake in the TEA 86 offshore Peru project, moving to full ownership. The deal, structured through performance shares, aims to simplify equity and support licence conversion and future partnerships.
Maxwell Dee
Maxwell Dee
9 Apr 2026
Macallum New Energy has progressed its seismic exploration in the North Perth Basin with the Barberton 3D survey underway and Condor 2D survey approved, while appointing Greenwood Capital Partners to enhance its UK and European market presence.
Maxwell Dee
Maxwell Dee
8 Apr 2026
Key Petroleum Ltd (ASX:KEY) has completed a placement of over 3 million shares, raising approximately AUD 176,660 before costs to fund asset acquisitions, development, and working capital.
Maxwell Dee
Maxwell Dee
7 Apr 2026
Pilot Energy Limited has voluntarily suspended trading of its shares as it finalises critical funding and strategic initiatives, with a market update expected by April 8.
Maxwell Dee
Maxwell Dee
2 Apr 2026
Beetaloo Energy has received a $15.4 million R&D tax refund, reinforcing its financial position as it advances key milestones in the Carpentaria Pilot Project towards gas production and sales in 2026.
Maxwell Dee
Maxwell Dee
2 Apr 2026
Metgasco has ended its asset sale agreement with Vintage Energy after funding conditions were unmet, signaling a strategic pivot amid ongoing exploration and recapitalisation efforts.
Maxwell Dee
Maxwell Dee
1 Apr 2026
Red Sky Energy is set to raise up to $5.2 million through a placement and rights issue to fund its participation in a Santos-operated drilling program in South Australia’s Innamincka Dome. The capital raise aims to accelerate near-term production and cash flow from existing and new wells.
Maxwell Dee
Maxwell Dee
31 Mar 2026