Eastern Gas

Eastern Gas Limited (#ASX: #EGA) is pleased to report its half-yearly update following its successful listing on the ASX and oversubscribed capital raise. The Company raised $5.5 million through its IPO, reflecting strong investor support for its portfolio of high-value gas assets. Eastern Gas holds 100% owned acreage across Queensland’s Surat Basin Walloon CSG fairway and the Cooper Basin, comprising 479PJ of 2C contingent gas resources, with further upside expected through the application of modern horizontal drilling and stimulation techniques. Proceeds from the IPO position the Company to progress appraisal activities and advance its assets toward commercial development. Read more: cdn-api.markitdigital.com/apiman-gateway… #IPO #ASXIPO #EnergyStocks #SmallCaps #InvestorUpdate #Drilling #FlowTesting #ReservesUpgrade #EnergyDevelopment #GrowthCatalysts #NaturalGas #GasExploration #EnergyTransition #AustralianEnergy #DomesticGas

Eastern Gas Corporation Limited (#ASX: #EGA) is progressing into the next operational phase at the Project Venus coal seam gas project in Queensland’s Surat Basin. Following its successful IPO, the Company is preparing to commence a multi-well appraisal drilling campaign targeting the Walloon coal seams, with drilling expected to begin toward the end of April. David Spring, Managing Director of Eastern Gas Corporation Limited, said: "Following the successful completion of Eastern Gas' recent IPO and funding of our appraisal program, we are pleased to move into the next operational phase at Project Venus.” “The drilling contract enables the commencement of a multi-well appraisal campaign targeting the Walloon coal seams, with drilling expected to begin toward the end of April. This program is designed to test gas deliverability and represents an important step in progressing Project Venus toward reserve conversion and future development." Read more: data-api.marketindex.com.au/api/v1/announc… #IPO #ASXIPO #EnergyStocks #SmallCaps #InvestorUpdate #Drilling #FlowTesting #ReservesUpgrade #EnergyDevelopment #GrowthCatalysts #NaturalGas #GasExploration #EnergyTransition #AustralianEnergy #DomesticGas

Eastern Gas Corporation Limited (#ASX: #EGA) is preparing to commence appraisal drilling at the Project Venus coal seam gas project in Queensland’s Surat Basin. The planned multi-well campaign will test gas deliverability from the Walloon coal seams, with drilling expected to begin in April 2026. Read More: data-api.marketindex.com.au/api/v1/announc… #IPO #ASXIPO #EnergyStocks #SmallCaps #InvestorUpdate #Drilling #FlowTesting #ReservesUpgrade #EnergyDevelopment #GrowthCatalysts #NaturalGas #GasExploration #EnergyTransition #AustralianEnergy #DomesticGas

Eastern Gas Corporation Limited (#ASX: #EGA) is pleased to confirm that, following its successful and oversubscribed IPO, the Company is now in the final stages of preparation to commence near-term appraisal drilling at the Project Venus coal seam gas project (ATP 2051) in Queensland’s Surat Basin. Key Highlights: ✅ Drilling services contract is being finalised for the upcoming multi-well appraisal program at Project Venus (ATP 2051) ✅ Drilling is expected to commence in April 2026 ✅Project Venus contains 130.3 PJ (2C) and 157.9 PJ (3C), independently reported contingent gas resources ✅ Located in Queensland’s Walloon Coal Seam Gas fairway, a prolific gas producing region with established infrastructure, pipeline connectivity, and surrounded by major producers – Shell, APLNG and Santos ✅ Horizontal wells targeting Upper Juandah coal seams are planned as part of the appraisal campaign ✅ Project positioned to contribute to future east coast domestic gas supply Eastern Gas is planning a multi-well drilling campaign, with the first well currently scheduled to commence toward the end of April 2026, subject to final operational readiness and rig mobilisation. Read more: data-api.marketindex.com.au/api/v1/announc… #IPO #ASXIPO #EnergyStocks #SmallCaps #InvestorUpdate #Drilling #FlowTesting #ReservesUpgrade #EnergyDevelopment #GrowthCatalysts #NaturalGas #GasExploration #EnergyTransition #AustralianEnergy #DomesticGas

Eastern Gas (#ASX: #EGA) holds wholly owned acreage across Queensland’s Surat Basin Walloon CSG fairway and the Cooper Basin, comprising 479 PJ of 2C and 970 PJ of 3C gas resources, with significant upside expected through the application of modern horizontal drilling and stimulation techniques. It is the only junior explorer in the Walloon CSG Fairway—a highly productive region with more than 10,000 wells drilled. These assets are well-positioned against a backdrop of tightening supply and rising gas prices on Australia’s east coast. At a share price of ~20c, the company represents a “ground-floor” entry into substantial gas resources within both the highly productive Walloon CSG Fairway (Surat Basin) and the highly prospective BCG play in the Cooper Basin. On an EV/(2P+2C) basis, Eastern Gas is valued at approximately 2.8 cents per GJ, which is materially discounted relative to peers, averaging around 32 cents per GJ. We believe Eastern Gas represents a compelling opportunity for investors seeking exposure to high-quality Australian gas assets and growth aligned with Australia’s evolving energy landscape. Research Report 👉 easterngas.com.au/wp-content/upl… Investor presentation 👉easterngas.com.au/wp-content/upl… #IPO #ASXIPO #EnergyStocks #SmallCaps #InvestorUpdate #Drilling #FlowTesting #ReservesUpgrade #EnergyDevelopment #GrowthCatalysts #NaturalGas #GasExploration #EnergyTransition #AustralianEnergy #DomesticGas

There is increasing investor interest in natural gas, alongside growing recognition that it will play a critical role in Australia’s energy transition and long-term energy security. As a result, smaller natural gas developers are beginning to generate strong returns for investors. One new company that listed on the ASX in February 2026 is Eastern Gas (#ASX: #EGA). The Company’s oversubscribed $5.5 million IPO highlights strong investor confidence in its high-value gas assets, which have seen over $40 million invested in historic exploration and development. Research Report 👉 easterngas.com.au/wp-content/upl… Investor presentation 👉 easterngas.com.au/wp-content/upl… #IPO #ASXIPO #EnergyStocks #SmallCaps #InvestorUpdate #Drilling #FlowTesting #ReservesUpgrade #EnergyDevelopment #GrowthCatalysts #NaturalGas #GasExploration #EnergyTransition #AustralianEnergy #DomesticGas

MST Access has released a research report on Eastern Gas (#ASX: #EGA), which successfully completed an oversubscribed $5.5 million IPO in late February 2026. Research Report 👉 easterngas.com.au/wp-content/upl… Investor presentation 👉 easterngas.com.au/wp-content/upl… #IPO #ASXIPO #EnergyStocks

Eastern Gas' (#ASX: #EGA) initial public offering has featured in the Courier Mail. Research Report 👉 easterngas.com.au/wp-content/upl… Investor presentation 👉 easterngas.com.au/wp-content/upl… #IPO #ASXIPO #EnergyStocks #Drilling #FlowTesting #NaturalGas #GasExploration #AustralianEnergy

Eastern Gas (#ASX: #EGA) has officially listed on the ASX today. The Company’s oversubscribed $5.5 million IPO highlights strong investor confidence in its high-value gas assets. Research Report 👉 easterngas.com.au/wp-content/upl… Investor presentation 👉 easterngas.com.au/wp-content/upl… #IPO

Eastern Gas is pleased to advise that it has received applications in excess of $5.5 million to be raised under its initial public offering. Learn more: easterngas.com.au #IPO #ASXIPO #EnergyStocks #SmallCaps #InvestorUpdate #Drilling #FlowTesting #ReservesUpgrade