Gas2Grid (GGX)

Shares / Stock Code

GGX

Stock Exchange / Sharemarket

Australian Securities Exchange

Gas2Grid (GGX) is an Australian Securities Exchange (ASX) listed company whose core business is the exploration for and development of conventional oil and gas, coal seam gas, shale oil and gas and geothermal energy. The company strategy includes plans for building and operating either gas fired and geothermal electricity generation plants fuelled by the relevant discovered energy source.

The Board of Directors brings together over 100 years of experience in conventional oil and gas, coal seam gas and geothermal energy exploration and development combined with expertise in drilling and power station ownership and operations. The Company's aim is to leverage off this experience base and discover new oil, gas and energy supplies and to develop new electricity generation projects.

Gas2Grid is differentiated from other oil and gas explorers as it focuses exclusively on the Philippines. A significant portion of Philippines's energy needs are imported and demand is expected to grow. Most oil is sold into global spot markets, whilst gas is typically sold under long-term contract arrangements with utilities, large industrial users and steel plants. Key competitors include Rio Tinto, BHP, CH4 Gas Ltd (CHX) and Bounty Oil & Gas (BUY).

Gas2Grid History

Gas2Grid is a Sydney based domestic and international oil and gas exploration company, originally formed in 2004 as a private company, Gas2Grid Pte. Ltd (Singapore) with the sole asset being a 1,000 square kilometres Petroleum Service Contract (SC 44) located onshore Cebu Island in the Philippines. SC 44 which had been issued for a seven year period.

Gas2Grid (GGX) Products and Services

  • Exploration and development of oil and gas

Gas2Grid (GGX) Locations and Subsidiaries

Gas2Grid Head Office
C/- Mitchell & Partners, Level 7, 10 Barrack Street,
SYDNEY, NSW 2000
Phone: 02 9392 8686
Fax: 02 9299 8195

Gas2Grid (GGX) Share Price

Submitted by ASX Listed Company on 25 March, 2010 - 03:31

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