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The latest update is out from QPM Energy ( (AU:QPM) ).
QPM Energy has reported a transformational upgrade to gas reserves and resources at its Moranbah Gas Project, with independent advisor NSAI certifying 602.5PJ of 2P reserves and 414.2PJ of 2C resources, totalling 1,016PJ. All reserves and resources sit within fully approved, 100%-owned leases, giving QPM over 800PJ of uncontracted gas to support future developments.
The company plans to leverage this gas base to underpin additional low-cost, long-duration gas-fired power generation at its Isaac Energy Hub, aligning with the Queensland Government’s roadmap for 3.6GW of new gas generation by 2035. The enlarged resource also supports the proposed Bowen Gas Pipeline to Gladstone, which would connect QPM’s gas to both domestic and export markets and provide a platform for long-term value creation for shareholders.
The most recent analyst rating on (AU:QPM) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.
More about QPM Energy
QPM Energy Limited is an Australian gas producer focused on the Moranbah Gas Project in Queensland. The company holds 100% of the relevant Petroleum Leases and operates extensive production, processing and compression infrastructure, positioning it to supply both the state’s gas markets and electricity generation sector over the long term.
Average Trading Volume: 7,815,182
Technical Sentiment Signal: Sell
Current Market Cap: A$106.9M
For a thorough assessment of QPM stock, go to TipRanks’ Stock Analysis page.