Energy

Indonesia’s Ministry of Energy and Mineral Resources approved the first Tanjung Enim plan of development in June 2021. Company project material describes a 249.10-square-kilometre production-sharing contract and outlines an initial development area from which gas resources have been evaluated. The company reports a plateau …

Its investment disclosures identify royalty relationships involving Buru Energy and Diamond Resources (Fitzroy), a Mitsubishi group subsidiary. Those arrangements attach to specified petroleum interests and are governed by the individual royalty terms. A royalty is not the same as owning the underlying production licence …

FAR announced receipt of a provisional US$23.7 million contingent payment in May 2026 associated with calendar-year 2025 Sangomar production. The payment marked an important cash realisation under its contractual arrangement. It should be distinguished from any subsequent payment amounts that may depend on relevant …

The company’s 5 October September operations update described a new monthly gas production record at the 100%-owned Gurvantes XXXV Pilot Well Project. Pilot output provides information about gas flow and operating behaviour that is relevant to assessing potential commercial development. It should not be …

South Prudhoe lies south of the established Prudhoe Bay and Kuparuk oil-producing areas of Alaska. 88 Energy identifies gross unrisked 2U prospective resources of 133.7 million barrels at Augusta across the proposed reservoir targets. The estimate is prospective and should not be described as …

The company identifies royalty interests at the SuratBasincoal seam gas project, Tintaburra oil field, Peat gas field and Surprise oil field, among others. The stated terms include a 2.5% overriding royalty in designated Surat Basin tenements and a 2.125% overriding royalty over the Peat …

Pitse pilot production and a staged commercialisation framework are the central developments. The company has positioned the pilot as the starting point for a larger development rather than as a commercial LNG plant already in operation.