Oil Mining News

CanCambria Energy Corp.
CanCambria Energy Corp.
CCEC.V
Southern Hungary

CanCambria Energy Announces $5.0 Million Brokered LIFE Offering to Accelerate High-Impact Shallow Oil Project, Complementing Deep Gas Strategy in Southern Hungary Amid Soaring European Energy Prices

CanCambria Energy Corp. has announced a CAD$5.0 million brokered private placement to fund a 3D seismic survey and drilling in its STA Fairway oil prospects in Southern Hungary. The company also disclosed significant contingent gas and condensate resources at its Kiskunhalas Deep Gas Project, which carries an NPV10 of US$2.04 billion.

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Kolibri Global Energy Inc.
Kolibri Global Energy Inc.
KEI.TO
United States

Kolibri Global Energy Inc. Provides Operations Update, Upcoming Conferences and Renews Normal Course Issuer Bid

Kolibri Global Energy has completed fracture stimulation on three Clifton Mack wells and finished drilling the Lovina 8-5-1HF well to test the False Caney bench. The company also renewed its normal course issuer bid to repurchase up to 5% of its outstanding shares.

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Arrow Exploration Corp.
Arrow Exploration Corp.
AXL
Colombia, Canada

Arrow Provides Operational and Mid Year 2026 Reserves Update

Arrow Exploration Corp. announced a significant mid-year 2026 reserves update, reporting substantial increases across all reserve categories. Proved Developed Producing (PDP) reserves rose by 62% to 2.9 MMboe, while Total Proved (1P) reserves increased by 110% to 11.4 MMboe. Proved plus Probable (2P) reserves grew by 82% to 21.4 MMboe, and Proved plus Probable plus Possible (3P) reserves increased by 71% to 34.4 MMboe, driven by the Icaco field discovery in Colombia and the acquisition of the Thorsby asset in Canada. The update also shows corresponding increases in before and after-tax Net Present Value discounted at 10% (NPV-10).

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Valeura Energy Inc.
Valeura Energy Inc.
VLE
Oil
Gulf of Thailand

Valeura Energy Inc Announces "Suraphi" Exploration Discovery

Valeura Energy has announced a new oil discovery, the Suraphi field, near its Manora field in the Gulf of Thailand, featuring significant net oil pay in the E and D prospects. Additionally, the company reported successful development and appraisal drilling at its Jasmine field, which has resulted in an increase in daily oil production rates.

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Evolution Petroleum Corporation
Evolution Petroleum Corporation
EPM
Unknown

Evolution Petroleum Reports Fiscal Fourth Quarter and Full Year Fiscal 2026 Results

Evolution Petroleum reported improved fiscal Q4 2026 results with net income rebounding to $4.6 million and Adjusted EBITDA more than doubling sequentially to $6.5 million. The company maintained fiscal year production and replaced over 100% of its 2026 production with new proved reserves. Post-quarter end, Evolution completed a strategic $16.0 million acquisition of mineral and royalty interests in the Permian Basin, adding significant upside potential.

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Pantheon Resources PLC
Pantheon Resources PLC
PANR
Alaska

Pantheon Resources hails ‘great achievements’ in Alaska

Pantheon Resources expects its 1.2 billion-barrel 2C liquids resource at the Kodiak oil field to increase by at least 25% following a successful seismic reprocessing programme. The company is currently in negotiations with ten potential farm-out partners to fund future development drilling.

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Pantheon Resources PLC
Pantheon Resources PLC
PANR
Oil
Alaska

Pantheon Resources eyes upgrade at Kodiak oil project

Pantheon Resources expects its Kodiak oil field resource in Alaska to increase by at least 25% following a successful seismic reprocessing programme. While ten parties are evaluating farm-out opportunities, the company may need to raise up to US$15 million to fund operations through 2027.

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Newport Exploration Ltd
Newport Exploration Ltd
NWX
Cooper Basin, Australia

BEACH REPORT ANNUAL PRODUCTION RESULTS, UPDATED RESERVES AND DRILLING ACTIVITIES. 100% SUCCESS RATE (INCLUDING BAUER 70) WITH PLANS TO EXTEND PLAY HORIZONS AND UNLOCK SCALE ON EX PEL 91.

Newport Exploration reports that Beach Energy's Western Flank production fell 35% due to flooding and natural decline. However, recent drilling achieved a 100% success rate, with oil encountered in the Namur, McKinlay, and Birkhead reservoirs, supporting plans for play expansion.

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Newport Exploration Ltd
Newport Exploration Ltd
NWX
Cooper Basin, Australia

BEACH ENERGY REPORT 100% SUCCESS RATE FROM NEW WELLS DRILLED

Newport Exploration Ltd reports a 100% success rate from recent drilling in the Cooper Basin, with new wells encountering oil in the McKinlay and Birkhead reservoirs. While oil production rose 11% due to well restorations, gas and gas liquids production fell 18% following a planned maintenance shutdown at the Middleton Gas Plant.

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