Gas2Grid's strategic focus and developments

Gas2Grid (ASX:GGX) shared its strategic plans during the 2024 Annual General Meeting. Currently suspended from ASX quotation, the company aims to acquire new assets by September 2025. A new service contract in the Philippines is pending approval, and GGX plans to appraise the Malolos Oil Field.

Gas2Grid's future outlook and strategic goals

Gas2Grid is actively working to regain active exploration status by acquiring new assets and pursuing opportunities in the Philippines. The company plans to appraise the Malolos Oil Field to convert resources into reserves, with a long-term goal of securing a 25-year production term. Facing challenges in Australia, GGX sees Southeast Asia as a more attractive region for operations. Additionally, the company is appealing for greater compensation from the French Government for the cancellation of the St. Griede permit. Gas2Grid continues to navigate financial challenges and market conditions to achieve its exploration and production goals.

Executive insights on Gas2Grid's strategy

The company is pursuing new ventures in the Philippines due to favorable fiscal terms and high demand for natural gas. We acknowledge challenges in Australia and aim to utilize our drilling rig for farmin agreements in Southeast Asia. Our appeal in France for increased compensation is ongoing.