Last A$0.02 AUD
Change Today +0.001 / 7.14%
Volume 210.0K
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As of 11:04 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

gas2grid ltd (GGX) Snapshot

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01/29/14 - A$0.05
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12/10/14 - A$0.0090
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gas2grid ltd (GGX) Details

Gas2Grid Limited engages in the exploration of oil and gas in the Philippines and France. It primarily holds a 100% interest in the Service Contract 44 covering an area of approximately 750 square kilometers located on Cebu Island in the Philippines; and St. Griede license covering an area of approximately 1,238 square kilometers in onshore Aquitaine Basin, France. The company was founded in 2004 and is headquartered in Sydney, Australia.

Founded in 2004

gas2grid ltd (GGX) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: A$145.0K
Chief Financial Officer, Company Secretary, E...
Total Annual Compensation: A$121.0K
Compensation as of Fiscal Year 2014.

gas2grid ltd (GGX) Key Developments

Gas2grid Limited, Annual General Meeting, Nov 27, 2014

Gas2grid Limited, Annual General Meeting, Nov 27, 2014., at 10:30 E. Australia Standard Time. Location: Macquarie Graduate School of Management,. Agenda: To consider remuneration report; to approve election of Mr. Darren W Reeder as director; to approve issue of shares to Mr. Patrick W V M Sam Yue under Employee Incentive Plan; to approve issue of shares to directors Mr. David A Munns, Mr. Dennis J Morton, Mr. Darren W Reeder and Mr. Patrick Sam Yue as payment of outstanding fees; and to approve issue of up to 200,000,000 new shares.

Gas2grid Limited Auditor Raises 'Going Concern' Doubt

Gas2grid Limited filed its Annual on Sep 30, 2014 for the period ending Jun 30, 2014. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Gas2grid Limited Announces Update on Malolos Tests

Gas2grid Limited announced Malolos Oil Field the results and observations from the current production flow test at the Malolos Oil Field have been positive. The Malolos-1 well has again demonstrated that it can produce approximately 200 barrels of oil per day. But the oil flow during the test was impaired when the perforations within the wellbore at the sandstone reservoirs were blocked. Over the last couple of days the perforations have been subject to a cleaning process by the use of high-pressure water jets. The well will now be tested for fluid influx by swabbing. If the current remedial work does not result in improved productivity the company will make a decision on future operations, which might include suspension of test operations whilst various alternatives are considered to exploit the proven oil reservoirs.


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