Macallum New Energy Limited (ASX: MNE) is an Australian-based energy exploration and development company headquartered in Applecross, Western Australia, primarily focused on the upstream oil and gas sector. Officially listed on the Australian Securities Exchange in February 2026, the company is dedicated to the identification, acquisition, and advancement of high-prospectivity hydrocarbon assets within stable and proven geological jurisdictions. Since its founding in 2018, Macallum New Energy has established itself as a focused player in the junior energy space, committed to unlocking the significant resource potential of Western Australia’s sedimentary basins to support regional energy needs.
The company’s core operational footprint consists of 100% interests in two key exploration permits, EP 494 and EP 511, which cover substantial acreage in the onshore Northern Perth Basin. These projects are strategically located near existing pipeline infrastructure and are characterized by their proximity to major gas discoveries, providing a strong foundation for the company’s technical evaluation and drilling strategies. Macallum New Energy utilizes advanced 2D and 3D seismic data to assess high-priority targets, including the Barberton Terrace Deep Permian prospect and several Jurassic-age leads, aiming to define commercially viable reserves for future production.
Strategically, Macallum New Energy Limited (ASX: MNE) positions itself to capitalize on the growing demand for domestic natural gas and enhanced energy security within the Western Australian industrial market. By maintaining full ownership of its primary assets, the company retains maximum operational flexibility and leverage for potential future joint venture opportunities or farm-out arrangements. The management team focuses on a disciplined capital allocation strategy, prioritizing high-impact exploration activities that offer the greatest potential for shareholder value creation while also researching innovative methodologies for natural hydrogen exploration to align with global energy transition trends.
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