Gas2Grid Limited (AU:GGX) has released an update.
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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.
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