Energy

AXP entered a conditional agreement to acquire seven previously producing wells and associated infrastructure on about 400 acres adjoining the EdwardsLeasein Noble County, with a 100% working interest and an approximate 80% netRevenueinterest, from Vertical Petroleum Industries LLC. The price is US$225,000, plus assumption …

In a release dated 28 September 2026, Bass said oil production from the Bunian field in Indonesia is now above 800 barrels of oil per day (100% share), up from 250 bopd, following commissioning of the Bunian 6 well. The result is described as …

The company reports 91 PJ of 2P gas reserves and 1,617 PJ of 2C gas resources (combined 1,708 PJ), according to its quarterly activities report for the period to 30 June 2026, dated 31 July 2026.

The joint venture comprises Omega (45% and operator), Tri-Star E&P Ltd (30%) and Beach Energy Limited (25%). The award followed a competitive tender under the State’s 2026 Petroleum and Gas Land Release Program. Omega said the tenure grant remains subject to completion of the …

PV14 commenced drilling in late July 2026 and reached 2,942 metres measured depth, or 2,096 metres true vertical depth. Open hole packers were installed to isolate anticipated water entry points, with the shallowest set at 2,729 metres measured depth.

Central reported a short-duration flow test through the rig that measured gas flows of 3.2 TJ/d (100% joint venture). The test interval was 2,102 to 2,729 metres measured depth through a three-quarter-inch choke for 90 minutes, with no water or oil recovered. The rate …

PV-14 reached a total depth of 2,942 metres measured depth on 14 September 2026. It was drilled at a deviated angle of up to 75 degrees toward the northern flank of the Palm Valley gas field and targeted gas-bearing intervals and fractures within the …