Gas Discoveries, First Helium Sales and Uranium Drilling: What’s Next for D3 Energy (ASX:D3E), Blue Star Helium (ASX:BNLDB) and Cauldron Energy (ASX:CXU)?Category:energy

Sonal Goyal

30 October 2026 12:07 PM AEDT

Gas Discoveries, First Helium Sales and Uranium Drilling: What’s Next for D3 Energy (ASX:D3E), Blue Star Helium (ASX:BNLDB) and Cauldron Energy (ASX:CXU)?Category:energy

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Key Highlights

D3 Energy (ASX:D3E) traded at $0.225, down 13.46%, Blue Star Helium (ASX:BNLDB) at $0.110, down 12.00%, and Cauldron Energy (ASX:CXU) at $0.056, down 9.68%, during the 30 October 2026 session.
Blue Star Helium released its Quarterly Report on the same day as its share move, while D3 Energy's report was released on 29 October 2026.
The Cauldron quarterly report is undated in the copy reviewed, so it is not linked to the share move.

Three ASX-listed energy companies with gas, helium and uranium exposure traded lower during the Trading session on 30 October 2026. D3 Energy Ltd (ASX:D3E) traded at $0.225, down 13.46%, Blue Star Helium traded at $0.110, down 12.00%, and Cauldron Energy Ltd (ASX:CXU) traded at $0.056, down 9.68%. Their latest quarterly reports cover drilling, helium sales and uranium drilling, and each is summarised below.

D3 Energy (ASX:D3E): Nooitgedacht Wells (29 October 2026)

D3 Energy's quarterly report, released on 29 October 2026, described two wells drilled to total depth at Nooitgedacht in the ER315 permit in South Africa, both of which encountered gas. Five new Technical Cooperation Permits covering about 47,000 acres were awarded, and a maiden prospective resource was certified for the Hydrohelix and Cootanoorina prospects in South Australia.

Blue Star Helium (ASX:BNLDB): First Helium Sales (30 October 2026)

Blue Star's quarterly report, issued under the ASX Code BNL and released on 30 October 2026, reported its first commercial helium sales and Revenue from Pinon Canyon. The helium offtake agreement was extended to cover all output from the project. Cash was A$2.509 million at 30 September 2026, with no borrowings, and A$1.65 million was received from sales after quarter end. The price table lists the security as BNLDB.

Cauldron Energy (ASX:CXU): CY2026 Drilling

Cauldron's quarterly report completed 10,506 metres across 100 holes in its CY2026 drilling program over 76 days. The company has begun a JORC resource update to include those results. Cash at bank was $2.430 million at 30 September 2026, and the report cites a Spot Price of around US$90 per pound.

Sector Context

Gas, helium and uranium explorers are judged on permit access, drilling outcomes and the Commodity price outlook. Helium producers depend on offtake contracts, while uranium explorers are sensitive to long-term contract pricing, which the Cauldron report highlights as having moved above US$100 per pound according to reports it cites.

Risks

D3 Energy's prospective resources are estimates that have not been tested to commercial standards, and gas encountered in wells does not establish flow rates. Blue Star's revenue ramp depends on further output growth and finalised commercial arrangements. Cauldron's updated resource is not yet complete, and uranium prices are volatile.

What Lies Ahead

D3 Energy expects to advance work on its Nooitgedacht wells and new permits. Blue Star expects revenue to ramp up into 2027. Cauldron expects to report its JORC resource update shortly, and Blue Star expects its sales to build as offtake volumes grow. Each company's next report will show whether these expectations are reflected in its figures.

Closing Remarks

D3 Energy, Blue Star Helium and Cauldron Energy each traded lower during the 30 October 2026 session. Their latest reports cover gas-bearing wells, first helium sales and an extended drilling program, and the periods and measures used differ across the three reports. Their next updates will show how these programs translate into resources and revenue.

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