Gas2Grid Limited (AU:GGX) has released an update.
Gas2Grid Limited is advancing its oil and gas ventures by applying for a new Service Contract in the Philippines, hoping to extend its exploration and appraisal activities, while also actively discussing joint venture participation. The company has faced a setback with an unsuccessful application for exploration in Queensland, and is currently dealing with a legal claim against the French Government for an alleged unlawful non-renewal of a contract. Additionally, Gas2Grid’s securities remain suspended on the ASX, with reinstatement contingent on satisfying certain conditions, including the potential grant of a new Service Contract in the Philippines.
For further insights into AU:GGX stock, check out TipRanks’ Stock Analysis page.