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Gas2Grid Limited ( (AU:GGX) ) has provided an announcement.
Gas2Grid Limited is on the verge of acquiring interests in three service contracts in the Philippines, including a 100% interest in a new service contract in Cebu. The company plans to utilize its drilling rigs for exploration, though they require servicing and funding. Gas2Grid is also pursuing legal action against the French Government regarding a financial claim. The company’s securities remain suspended from the ASX due to inadequate operations, and it faces potential delisting. However, it plans to raise equity funds through its subsidiary, Max-E Limited, and possibly list it on the ASX.
More about Gas2Grid Limited
Gas2Grid Limited operates in the oil and gas industry, focusing on exploration and appraisal activities. The company has interests in service contracts in the Philippines and is involved in legal proceedings in France.
Current Market Cap: A$4.09M
Find detailed analytics on GGX stock on TipRanks’ Stock Analysis page.