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Energy

What the First Continuous Gas Flare at Pitse Pilot Well 3.5B Means for Botala Energy

Over 20 and 21 September 2026, well 3.5B achieved its first continuous gas flare, sustaining gas flow for more than 30 hours and has continued producing since. This was a step change from the shorter periods of gas flow observed previously. Gas flow commenced …

Sonal Goyal | 29 September 2026

What the TEA 86 Work Completion and Licence Conversion Application Mean for Condor Energy

Condor successfully completed all TEA 86 work commitments ahead of schedule. The technical work materially enhanced the company's understanding of theBasinand strengthened the exploration portfolio. Following completion, Condor submitted an application to convert TEA 86 into an Exploration and Exploitation Licence Contract — a …

Sonal Goyal | 29 September 2026

What the Completion of the Mahalo 100% Acquisition and 361 PJ 2P Reserve Position Mean for Comet Ridge

The final cash consideration of $24.42 million was determined after including agreed past costs, licence fees, interest, and other adjustments. Comet Ridge issued 83.78 million shares to Santos, priced on a 10-dayVWAPprior to settlement. The $30 million contingent payment is structured in three equal …

Sonal Goyal | 29 September 2026

What the Duyung Farm-Down Completion and Full Mako Funding Mean for Conrad Asia Energy

Following MEMR approval on 27 August 2026, all remaining conditions for the NNB PI Transfer were met and the second cash tranche of US$4 million was paid by NNB. The first tranche of US$5 million was received in March 2026. The third and final …

Sonal Goyal | 29 September 2026

What the Maiden 15.25 MMboe Rafael 2P Reserves Booking Means for Buru Energy

The Sproule ERCE assessment covers a planned two-well foundation development. The 2P (Proved plus Probable) Reserves are 15.25 MMboe, comprising 65.7 Bscf (69.4 PJ) of sales gas, 98.5 kt of LPGs, and 2.9 MMstb of condensate. The 1P (Proved) Reserves are 5.28 MMboe, comprising …

Sonal Goyal | 29 September 2026

AGL Energy (ASX:AGL) Reported FY26 Statutory Profit of $756 Million and What the S&P/ASX 200 Utility Guided for FY27

AGL Energy Limited (ASX:AGL) announced its results for the twelve months ended 30 June 2026 on 12 August 2026. Statutory profit after tax was $756 million, up $644 million from FY25. Underlying EBITDA was $2,100 million, up 2% and in line with guidance, while …

Sonal Goyal | 29 September 2026

What Does Tetragon Energy’s (ASX:TET) Halcon Resource Upgrade Mean for Its Philippines Gas Exploration Strategy?

The resource reassessment also increased the low-case (1U/P90) estimate from 188 billion cubic feet (Bcf) to 1.7 TCF and the high-case (3U) estimate from 19.9 TCF to 22.6 TCF. In addition, Tetragon reported that the geological chance of success improved from 18% to 24%. …

Sonal Goyal | 29 September 2026

What Does White Energy’s (ASX:WEC) US Metallurgical Coal and Surat Basin Acquisitions Mean for Its Growth Strategy?

The acquisitions were completed alongside a A$15 millionPlacementto institutional and professional investors, while Nathan Tinkler was appointed Managing Director and Executive Chair of the company. ec

Sonal Goyal | 29 September 2026

What Does Bounty Oil & Gas’ (ASX:BUY) Deepwater Liberia Entry Mean for Its Future Exploration Strategy?

TheAcquisitionis linked to PetroQuest’s existing letter of engagement with the National Oil Company of Liberia (NOCAL), under which NOCAL will negotiate a Production Sharing Contract (PSC) with the Liberia Petroleum Regulatory Authority (LPRA) for Block LB-32. Bounty has also received firm commitments for aPlacementof …

Sonal Goyal | 29 September 2026

What Does Eastern Gas’ (ASX:EGA) Proposed A$10 Million R&D Loan Facility Mean for Its Gas Development Strategy?

The proposed arrangement includes an initial drawdown of up to A$1.5 million, subject to review of Eastern Gas’ R&D tax incentive position and relevant approvals. The facility remains subject to definitive documentation and mutual agreement on future drawdowns.

Sonal Goyal | 29 September 2026
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