Cue Energy provided an update on the PV14 well at the Palm Valley gas field, reporting initial gas flow rates reaching approximately 3.6 TJ/d. While commissioning is targeted for late October 2026, the company noted evidence of water in the wellbore that requires monitoring to ensure sustained production.
Macallum New Energy Limited has announced a material update to its prospective resource estimates for EP 494 in the onshore North Perth Basin, with the Gadee Prospect's mean prospective gas resource increasing by 70% to 221 PJ. The update, based on new 3D seismic data and advanced reprocessing, has significantly de-risked key Jurassic and Permian targets, including a new Triassic target in the Barberton Terrace Deep Prospect. The company plans to commence a farmout process to identify a joint venture partner for drilling up to two wells in H2 2027.
Omega Oil & Gas and its JV partners have been selected as the preferred tender for 1138km2 of new acreage in Queensland's Taroom Trough, expanding their operated area by 63%. The announcement also highlights ongoing appraisal drilling at the Canyon project, including a recent successful intersection in the Canyon-3 well.
Predator Oil & Gas Holdings Plc has commenced drilling operations at the MOU-6 well in Morocco as of 19 September 2026. The drilling program is expected to last for approximately 20 days.
Kinetiko Energy is developing a large-scale conventional onshore gas resource in South Africa, boasting 6.0 Tcf of contingent and 5.8 Tcf of prospective resources. The company has established maiden 2P reserves of 6.4 Bcf at the Brakfontein project and is targeting first CNG production by late 2027.
Equus Energy has released Pre-FEED economic results for its North West Shelf gas project, forecasting US$22.3bn in revenue and an NPV10 of US$867m. The project is underpinned by a 1.7Tcf gas and 38MMbbl condensate contingent resource, with a preferred development plan focusing on capital efficiency through tiebacks and leased infrastructure.
