PESA

Eastern Gas reports strong gas shows from Venus-2H

08/09/2026 Posted by Rachel

Eastern Gas Corporation has reported strong gas shows from its Venus-2H horizontal appraisal well at the 100%-owned Project Venus in Queensland’s Surat Basin.

The well reached a total depth of 1,450 metres measured depth and successfully intersected the existing Venus-1 vertical wellbore at approximately 927 metres measured depth. The completed wellbore intersected 445 metres of interpreted net Macalister Lower target coal, with total gas readings peaking at 42.3%.

Eastern Gas is now preparing the integrated Venus-2H/Venus-1 well system for dewatering and flow testing to assess gas deliverability and overall well productivity.

Amplitude Energy Spud Juliet-1, offshore Victoria

02/09/2026 Posted by Rachel

On August 24, Amplitude Energy announced they had commenced drilling Juliet-1 in Victoria waters, targeting 48.8 Bcf prospective gas resource with an 84% success probability. The well, in joint venture with O.G. Energy, aims to evaluate gas quality and potential development, with results expected in 20-25 days.

Juliet-1 is an exploration well located in permit VIC/L24 within Commonwealth waters, adjacent to the existing Casino, Henry, Netherby (CHN) pipeline.

The Juliet prospect is supported by high Waarre C reservoir amplitudes, and a clear ‘flat spot’ at approximately 2,300m True Vertical Depth Sub-Sea (TVDSS) implying gas-water contact, both of which contribute to a probability of geological success of 84% (as reported by Amplitude Energy).

Gold Hydrogen Announce Ramsay 2 Flow Test Results

02/09/2026 Posted by Rachel

Following up on the announcement last month of success at Ramsay 1, Gold Hydrogen have announced the flow test results from Ramsay 2, the second well being tested as part of their 2026 campaign.

Ramsay 2 is reported to have delivered up to 20% helium purity, matching the impressive 19% previously achieved at Ramsay 1. Ramsay 2 achieved raw gas rates up to 128 million standard cubic feet per day and helium rates up to 24.3 million, with performance limited only by pump capacity not the reservoir.

AAPG Distinguished Lecture Series Access

02/09/2026 Posted by Rachel

The Distinguished Lecture (DL) Series is an AAPG program led by subject matter experts from industry-leading companies and universities who present abstracts and lead discussions on timely geological findings, discoveries, new trends, and more. The series is available to watch on-demand, but you can also request that a distinguished lecturer present as a guest at your school or university.

PESA members are allowed to register for the AAPG DL recorded public sessions and are allowed to schedule a live virtual talk with Q&A or an in-person session (in-person requests must meet criteria).

Omega Announce the results of Taroom Trough Appraisal Well

02/09/2026 Posted by Rachel

Omega oil and gas have announced the results of their appraisal well Canyon-3 in the eastern Taroom Trough. Reporting to market on 24 August, Omega advised that results have exceeded expectations and provided strong evidence for a large-scale oil and gas province in the basin.

Highlighted results:

Results from Canyon-3, the first well in Omega’s extensive 2026/27 drilling program, have exceeded expectations and provided strong evidence for a large scale, internationally significant, oil and gas province in the eastern Taroom Trough

Canyon-3 reached a total depth of 3,792.

Australia’s Exploration Disconnect: Why Higher Oil Prices No Longer Drive Investment

02/09/2026 Posted by Rachel

Elio Lanzilli is a senior petroleum geoscientist with over 25 years of experience across exploration, appraisal and development in numerous Asia–Pacific geological provinces, including the North West Shelf, Bonaparte Basin, Cooper Basin, Indonesia and PNG. With a PhD in sedimentology and sequence stratigraphy, his career began mapping the PNG foreland—an experience that shaped his practical, field‑driven approach to subsurface problem‑solving.

He recently completed his tenure as PNG Exploration Manager at Santos and is now establishing LZRG, a subsurface advisory practice aimed at supporting operators in exploration risk and opportunity.

Australia’s Energy Commodity Resources 2026 now available

21/08/2026 Posted by Rachel

On August 10 2026, it was announced that Australia's Energy Commodity Resources 2026 was now available. Geoscience Australia’s latest edition of the Australia’s Energy Commodity Resources (AECR) publication confirms Australia’s position as a reliable, competitive and globally significant energy supplier, while highlighting the nation’s growing role in the clean energy transition.

Delivering a comprehensive assessment of the nation’s non-renewable energy resources as at the end of 2024, AECR 2026 reports that energy commodity exports generated $180 billion in export earnings in 2023–24 – around 27% of Australia’s total export earnings.

Australia ranked as the eighth highest primary energy producer across the globe, accounting for 2.7% of global energy commodity production in 2024.

Quarterly Updates Highlight Cooper Basin Activity

12/08/2026 Posted by Rachel

Reviewing the quarterly updates from operators in the Cooper Basin points to ongoing activity with some exciting results reported.

During the last quarter, Santos reported drilling 21 wells across the Cooper Basin including 17 gas and four oil wells with 14 of them connected for production. They continue their flood recovery works following last year’s unprecedented flood event, despite record local rainfall, with 10 flood-impacted wells returned to production during the quarter. A further 30 development wells are drilled but unconnected, awaiting access to be restored.

JV Partner Beach reports that the wells they participated in included exploration success at the Kwagga and Chinstrap fields, with Kwagga 1 discovering gas in both the primary Toolachee Fm target, and also the secondary Patchawarra Fm, whilst Chinstrap 1 discovered gas in the Callamurra Sst.