Rachel

Tamboran Resources Announce Northern Territory Farm-In

06/04/2026 Posted by Rachel

Tamboran Resources and Formentera Partners (Formentera), the owner of Daly Waters Energy, LP (DWE), announced on March 31 they have executed a Farm-in Agreement to advance development of the Beetaloo Basin in Australia’s Northern Territory.

Under the Farm-in Agreement, Tamboran will farm down approximately 10,000 acres of its working interest across the Shenandoah North Pilot Area and the Shenandoah South Pilot Area (collectively the Pilot Area) and the Beetaloo Central Development Area (BCDA) to DWE. The Farm-in Agreement provides for a staged earn-in, up to ~US$28.5 million, subject to structured off-ramp provisions.

The agreement follows DWE announcing a strategic joint venture with INPEX Corporation (JPX: 1605, market capitalization of US$35 billion) (INPEX), Japan’s largest E&P and operator of the 8.9 MTPA (~1.2 Bcf/d) Ichthys LNG project in Darwin.

Amplitude Energy Share Isabella Results

06/04/2026 Posted by Rachel

Amplitude Energy have announced that the recent Isabella gas discovery, offshore Victoria, has been assessed as not commercial (Media Release 25 March 2026).

The Isabella field is located in permit VIC/L24 within Commonwealth waters, south-west of the producing Casino field. Amplitude Energy is operator and 50% interest holder in VIC/L24 with O.G. Energy holding the remaining 50% interest (the “Joint Venture”). The Isabella field was drilled as a planned sidetrack (“ST-1”) from the earlier Elanora-1 well.

As announced on 2 March 2026, the ST-1 8 ½-inch hole section penetrated the primary Waarre C reservoir target on 1 March 2026.

Peter Moore – National Geoscience Champion Lecture Tour

02/04/2026 Posted by Rachel

PESA are pleased to announce the Dr Peter Moore, Adjunct Professor from Curtin University and 2023 National Geoscience Champion, will be giving a lecture tour to the PESA branches this year. Through June to September, he will be visiting each of the branches to give his perspectives on the petroleum industry and predictions for the future.

Tour Dates for your diary:

“Petroleum geoscience and the energy transition: a personal historical perspective and predictions for the future”

The petroleum industry was technologically advanced by the mid 1900s, but a number of developments over the last half century stand out in the areas of seismic, sequence stratigraphy, assessment technologies, deepwater plays, drilling, offshore developments, CSG and shale, which will be discussed, including from a personal perspective.

Technical Spotlight: Taroom Trough

10/03/2026 Posted by Rachel

This month has seen the Taroom Trough hit the headlines as new exploration acreage was awarded and drilling results were announced. We asked Dr Alison Troup, a Queensland based geologist with over fifteen years of extensive experience working on basin research projects across Queensland, to give us the background on this basin.

The Bowen Basin is an elongate Early Permian to Middle Triassic sedimentary basin that extends from Collinsville in central Queensland into northern New South Wales. The whole basin occupies approximately 160,000 km2, with the southern half concealed underneath the Surat Basin.

Barry Goldstein Medal Tour

09/03/2026 Posted by Rachel

Dr Bruce Ainsworth has wrapped up his successful tour of the PESA State Branches presenting his work honouring the humble clinoform, kindly sponsored by Santos. Read on to hear more from the different branches visited.

Elixir Energy Announce Taroom Trough Results

07/03/2026 Posted by Rachel

Elixir Energy this month announced success at their Lorelle-3 pilot, interpreting 148m of total net pay across the primary, secondary and tertiary Permian reservoir targets, with associated elevated mudgas readings. The Lorelle-3 pilot was drilled in ATP2056 within Queensland’s Taroom Trough. Elixir Energy hold a 50% interest in ATP 2056 and are operator of the Lorelle 3 appraisal well. Santos hold the remaining 50% interest in the permit and will be operator of the permit thereafter.

Elixir Energy interpret the primary target, the Tinowon Dunk sandstone, to be 56m thick with 28m net pay interpreted, supported by elevated mud gas readings and fluorescence in cuttings.

Viridien announces strategic initiative to advance HPC for seismic imaging workflows with NVIDIA

07/03/2026 Posted by Rachel

Paris, France – February 18, 2026

Viridien, an advanced technology and digital solutions company, has announced a collaboration with NVIDIA to transform seismic imaging workflows by leveraging NVIDIA HPC platforms and Viridien’s expertise in Subsurface Imaging technologies and HPC & Cloud Solutions.

The collaboration will focus on optimizing Viridien’s seismic imaging algorithms on NVIDIA accelerated computing platforms, including the integration of advanced techniques such as tensor cores and mixed-precision computing.

Northern Territory Acreage Release

07/03/2026 Posted by Rachel

The Northern Territory of Australia have announced a petroleum exploration acreage release covering approximately 4000km2 with submissions due by Friday 31st July 2026.

The area, EPNT26-1, includes 46 full and 4-part blocks within the defined boundaries of the Beetaloo Sub-basin, within the greater McArthur Basin. The Northern Territory Geological Survey assesses the area as highly prospective for petroleum, with the Beetaloo Sub-basin representing one of Australia’s most significant onshore gas provinces.

Exploration Award in the Taroom trough

07/03/2026 Posted by Rachel

The Crisafulli Government has awarded exploration rights in the Taroom Trough, citing it has the potential to open up Australia’s first major new oil province since the 1970s. Omega TN Pty Ltd, Tri-Star Stonecroft Pty Ltd and Drillsearch Energy Pty Ltd (a wholly-owned subsidiary of Beach Energy) have been appointed as preferred tenderers to explore for gas and petroleum in the Taroom Trough, near Miles in South-West Queensland.

The 750 square kilometre exploration tenement – around the same size as Singapore - forms part of a wider package of exploration areas opened for tender last year, aimed at unlocking future energy supplies to put downward pressure on prices.