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GAS2GRID Ltd

ASX:GGX
A$0.001Latest close held · delayed

Past year: ▲ 0%(0.10c – 0.10c AUD)

Market cap
A$4.1m
Shares on issue
4.09bn
In-ground value
A$101m
Risked multiple
12.33×
Story beats
104 since 2006
Last event
29 Aug 2025

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

29 Aug 2025registration revoked▼ BadMajor

GGX was removed from the ASX official list from the close of trading on 28 August 2025 for not paying annual listing fees. The shares had been suspended since 1 September 2023; the Cebu contract, farm-ins and French appeal remain unresolved in the record.

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22 Aug 2025listing compliance notice▼ Bad

ASX lists GGX among suspended entities that had not paid annual listing fees for the year to 30 June 2026. Unpaid fees by 28 August 2025 mean removal from the official list.

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31 July 2025quarterly activities report▼ BadMajor

June quarter: GGX says it is close to farm-ins of 50% and 60% in two Philippine contracts, and the Cebu contract still awaits signature. It says reinstatement before 1 September 2025 is unlikely, so delisting looms. Plan: hold the interests in subsidiary Max-E Limited, seek a separate ASX listing, and possibly distribute shares to shareholders, subject to approval.

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16 July 2025listing compliance notice● Neutral

ASX's periodic list of long-suspended entities again includes GGX, with the 1 September 2025 two-year deadline shown. No new company information.

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9 Apr 2025listing compliance notice● Neutral

ASX's periodic list of long-suspended entities again includes GGX, with the 1 September 2025 two-year deadline shown. No new company information.

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17 Mar 2025half year report● Neutral

Half-year report to 31 December 2024 largely repeats known matters: Cebu contract awaits presidential signature, farm-ins are being finalised, French appeal is pending, and suspension continues. No new developments in the visible text; financial figures were not shown.

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22 Jan 2025listing compliance notice● Neutral

ASX's periodic list of long-suspended entities again includes GGX, with the 1 September 2025 two-year deadline shown. No new company information.

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29 Nov 2024investor presentation▲ Good

AGM presentation: GGX has signed the new Cebu contract, now awaiting the Philippine President's signature. Work commitments total about US$3.05m over 7 years, starting with Nuevo Malolos-1 deepening. Malolos best-estimate contingent oil is 20.4 million barrels. Largely repeats known facts.

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29 Oct 2024quarterly activities report▲ GoodMajor

September quarter: the DOE finished evaluating the Cebu application and will issue a Notice of Qualification with contract copies for execution, then the President must sign, timing uncertain. GGX is finalising terms for one Philippine farm-in. French appeal and suspension continue.

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18 Oct 2024listing compliance notice● Neutral

ASX's periodic list of long-suspended entities again includes GGX, with the 2 year deadline of 1 September 2025 shown. No new company information.

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30 Sept 2024regulatory community update▲ GoodMajor

No challenge was made to GGX's Cebu application, and the DOE declared it complete on 27 September 2024. It covers about 127,475 hectares, larger than SC44. Award hoped for by end of December 2024; GGX will talk to ASX about reinstatement.

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26 Sept 2024other● Neutral

Corporate governance statement and Appendix 4G for FY2024. Administrative filing with no new information; notes a three-man board and low activity in 2023/24.

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26 Sept 2024annual report● Neutral

FY2024 annual report. The Chairman says the Philippine application's challenge period closes 27 September 2024, and the company has until 1 September 2025 to meet Listing Rule 12.1 unless ASX decides otherwise. The French appeal is awaited. Mostly repeats known matters.

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16 Sept 2024other● Neutral

Share registry moved from Next Registries to Boardroom Pty Limited, effective 16 September 2024. Administrative change only.

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29 July 2024regulatory community update▲ Good

The Philippine DOE approved publication of GGX's new Cebu Service Contract application, over substantially the old SC44 area. Publication invites competing bids. If granted, the contract gives a 7-year initial term. Moves the pending application forward but no grant yet.

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10 July 2024listing compliance notice● Neutral

ASX's periodic list of entities suspended over three months includes GGX. The visible text gives GGX a 2 year deadline of 1 September 2025 to resume trading, or it faces removal from the official list. No new company information.

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15 Mar 2024half year report● Neutral

Interim report to 31 December 2023 largely repeats the quarterly: Philippine application pending, Queensland Bowen-Surat application awaited, French appeal being pursued after the €60,342.25 award, and suspension continuing. Financials not visible in the text.

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21 Nov 2023drilling result▼ BadMajor

The Pau Tribunal awarded GGX only €60,342.25 plus interest and €1,500 costs against its €34.35m St Griede claim; the rest was dismissed. This resolves the long-awaited hearing, a near-total loss. Lawyers see grounds for appeal, with a decision pending.

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26 Oct 2023other● Neutral

MD's AGM address: the new Service Contract application is being processed, with a 3-4 month timeframe. The French decision is awaited, and the company may use its rig to drill for equity in other Philippine contracts. Shares remain suspended since 1 September 2023.

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1 Sept 2023listing compliance notice▼ BadMajor

ASX suspends GGX securities from close of trading on 1 September 2023, finding operations inadequate under Listing Rule 12.1. This is the outcome of the March 2023 notice. The suspension lasts until the company shows compliance.

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28 Aug 2023listing compliance notice▼ BadMajor

ASX has refused the company's request to extend the 1 September 2023 deadline to 31 December 2023, so suspension from quotation is expected. The company will seek reinstatement once the new Philippine contract is granted, which it expects may take 3 to 4 months.

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25 Aug 2023other● Neutral

Appendix 4G corporate governance checklist accompanying the annual report, stating where governance disclosures are found. Administrative filing with no new information.

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25 Aug 2023annual report● Neutral

FY2023 annual report. Chairman says the new Philippine Service Contract application may take 3 to 4 months to decide. The company has asked ASX to extend the 1 September Listing Rule 12.1 deadline to 31 December 2023. The French decision is awaited. Mostly repeats known matters.

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31 July 2023regulatory community update● Neutral

Addendum to the June quarter report: no substantive exploration beyond maintaining well sites and rigs and preparing the new Service Contract application. The company held no petroleum tenements at quarter end. Director-related lenders provide facilities at nil interest.

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3 July 2023regulatory community update● Neutral

The 28 June 2023 hearing on the €34.35m claim went ahead; no Government representative attended and the company lodged a further written submission on 30 June. The decision has no set timeframe and is uncertain.

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8 June 2023regulatory community update▲ Good

The Pau Tribunal has set 28 June 2023 for the hearing of the €34.35m (about A$55m) claim against the French Government. This is a new date after the 29 June 2022 hearing was postponed. The company cites legal advice of a good chance of success; the outcome is uncertain.

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28 Apr 2023quarterly activities report▲ GoodMajor

March quarter: company says negotiations with the Philippine DOE concluded satisfactorily and it is finalising documents for a new Service Contract. The ICC action is suspended. It has paused eastern Australia searches, citing the $12/GJ gas price cap. French hearing date still not advised.

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16 Mar 2023half year report● Neutral

Interim report to 31 December 2022. It says the company will now apply for a new Service Contract for Malolos (7-year initial term if granted), and the Santos farm-in ended in September 2022. It also discusses the ASX Listing Rule 12.1 matter. Financials not visible in the text.

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9 Mar 2023listing compliance notice▼ BadMajor

ASX has ruled that Gas2Grid's level of operations does not satisfy Listing Rule 12.1. The company has until 1 September 2023 to show compliance, or ASX intends to suspend its shares from quotation. The company points to a possible restart in SC 44.

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25 Nov 2022investor presentation● Neutral

AGM presentation repeating known positions: awaiting a French hearing on the €34.35m claim, new talks with the Philippine government on Malolos appraisal, and Australian farm-in reviews. Restates Malolos contingent oil in place of 2C 20.4 MMbbls.

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