Energy

The investment decision commits $700 million to the construction and commissioning of the pipeline. That amount comes in addition to the $220 million APA decided in February 2026 to invest in early works, where line pipe procurement, engineering, approvals and related development activities are …

The update, dated 22 October 2026, also sets out progress on the neighbouring lease acquisition, the timing of planned recompletions and the ownership interests and cost levels that the company attaches to its Oklahoma oil position.

The company is targeting natural gas, hydrogen and helium in the basin, while keeping its Ularring copper-gold project as a second area of activity. The quarter's cash flow report shows the effect of the capital raising on the balance sheet, set against modest exploration …

Operating cash flow funded all capital expenditure, second quarter accruals and shareholder returns during the period, and calendar 2026 production and unit cost guidance was left unchanged from the update of 28 September.

Erudina lies within the Callabonna Sub-Basin and the underlying Frome Embayment. Exploration targets sandstone-hosted uranium associated with redox transitions in the Tertiary (Eocene) Eyre Formation, with potential to extend assessment into the overlying Miocene Namba Formation and underlying Cretaceous sediments.

The estimates relate to undiscovered accumulations within four exploration permit application areas, PELA 566, 581, 752 and 753, which remain subject to grant. Prominence said the work provides a technical basis for target ranking, potential partnering and exploration drilling targeted for mid-2027.

Sales volumes were 26.4 mmboe, 11 per cent higher than in the prior quarter, and sales revenue was about $2,006 million, an increase of 49 per cent on the second quarter and 78 per cent on the third quarter of 2025.