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QPM Energy ( (AU:QPM) ) has issued an announcement.
QPM Energy Limited has announced a significant upgrade in the 2P gas reserves of its Moranbah Gas Project, now totaling 435PJ, which marks a 31% increase from the previous estimate. This development underscores the project’s potential and positions QPM as a key player in the Eastern Australian gas market, with substantial uncontracted reserves that could enhance future commercial opportunities.
More about QPM Energy
QPM Energy Limited is a company operating in the energy sector, focusing primarily on gas production and reserves. The company is involved in the Moranbah Gas Project (MGP) and holds one of the largest uncontracted gas portfolios in the Eastern Australian gas market.
YTD Price Performance: -36.67%
Average Trading Volume: 2,466,322
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$95.96M
See more insights into QPM stock on TipRanks’ Stock Analysis page.