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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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30 Apr 2025quarterly activities report▼ Bad

March quarter: the Cebu contract is still with the President's office, and one farm-in is being documented with a second in advanced negotiation. GGX has begun talks with ASX on protecting shareholders' interests given the 1 September 2025 deadline. Operating outflow was $55K.

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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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31 Jan 2025quarterly activities report● Neutral

December quarter: the new Cebu Service Contract (100% interest) still awaits the Philippine President's signature, with a possible delay in the Presidential office. Philippine farm-in terms are being finalised; the French appeal and suspension continue. Related-party payments were nil.

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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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3 Oct 2024agm notice● Neutral

AGM set for 27 November 2024; director nominations close 10 October 2024. Administrative notice only.

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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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30 July 2024quarterly activities report● Neutral

June quarter: DOE approved publication of the Cebu application, but the Queensland Bowen-Surat application was unsuccessful, closing that thread. Rig assessment started; French appeal and suspension continue. Operating outflow was $56K and related-party payments were nil.

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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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30 Apr 2024quarterly activities report● Neutral

March quarter: the company lodged an appeal in Bordeaux on 7 April 2024 against the Pau ruling. DOE grant of the Philippine contract could take a further 3-4 months, including a 60-day public notice. Discussions with Philippine operators have advanced; shares stay suspended.

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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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31 Jan 2024quarterly activities report● Neutral

December quarter: the Philippine application is still being processed and the company has directed lawyers to appeal the French ruling. It also applied for a new Bowen-Surat Basin exploration area in Queensland, outcome awaited. Shares remain suspended.

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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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31 Oct 2023quarterly activities report● Neutral

September quarter: the new Philippine Service Contract is still awaiting grant, which could take another 3-4 months. The French decision is awaited, and shares remain suspended. Related party payments were $75K and operating cash outflow was $424K.

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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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15 Sept 2023agm notice● Neutral

AGM set for 26 October 2023; director nominations close 21 September 2023. Administrative notice only.

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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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