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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.

20 Jan 2006drilling progress report▲ Good

Nearing the primary objective forecast at 6,060 ft (depth 5,978 ft). Preliminary core porosity of 0.1-0.4 darcy from 2,759 ft is called excellent, though from a short section only.

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19 Jan 2006drilling progress report▲ Good

Stability restored and the first Toledo sands entered from 5,445 ft, with peak gas of 10.1% at 5,561 ft and fluorescence suggesting heavier hydrocarbons. Depth 5,727 ft.

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17 Jan 2006drilling progress report● Neutral

Small oil shows found in sandstones at 5,210-5,318 ft; depth 5,417 ft, nearing the Toledo target from 5,440 ft. Final depth now put at about 6,200 ft, possibly earlier or deeper.

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16 Jan 2006drilling progress report● Neutral

Nuevo Malolos-1 at 5,182 ft, crossing thin sands in mostly claystone, with gas peaks in each coarser interval. Main Toledo Formation target expected from 5,440 ft.

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13 Jan 2006drilling progress report▲ Good

Strong gas shows (15.5% gas) at 3,900-3,940 ft, with heavier hydrocarbons the company says are indicative of condensate. Depth 4,175 ft; drilling continues toward about 6,560 ft.

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12 Jan 2006drilling progress report▲ Good

Strong gas shows at 3,373 and 3,510 ft, matching gas sands in Malolos-1; depth 3,662 ft. Plan is to drill to about 6,560 ft, log, then run two or more drill stem tests.

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10 Jan 2006drilling progress report● Neutral

Cavings between 2,730 and 2,780 ft make hole conditions unfavourable for a retest, though peak gas of 6.77% was seen at 2,760 ft. The company plans a later straddle test once the hole stabilises; drilling continues at 2,895 ft.

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9 Jan 2006well test result● Neutral

First drill stem test (2,745-2,773 ft) showed a strong initial blow and high pressure comparable to Malolos-1, recovering 185 ft of gas-cut mud, but cavings plugged the tool. Test aborted and to be rerun; well now at 2,800 ft.

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6 Jan 2006drilling progress report● Neutral

Nuevo Malolos-1 is testing blow-out equipment at 2,420 ft before drilling ahead; first primary objective still expected over the weekend. No new results.

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4 Jan 2006drilling progress report▲ Good

Nuevo Malolos-1 at 2,420 ft; significant gas shows over a 93 ft interval (2,225-2,318 ft) match gas peaks seen in the 1960s Malolos-1. Casing is being run before the main targets, with coring and testing planned.

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3 Jan 2006drilling progress report● Neutral

Day 7 of Nuevo Malolos-1 on Gas2Grid's 100%-owned SC44 licence, Cebu, Philippines: drilling at 1,914 ft, first main target at 2,691 ft not yet reached. Background restates 1960s Malolos-1 flows (17.6 mmscfd combined) and the Marubeni power deed.

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