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How ASF Group Turned a $1.07M Loan into Equity in Queensland Gas Projects
11:12am on Wednesday 7th of January, 2026 AEDT
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Energy
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How ASF Group Turned a $1.07M Loan into Equity in Queensland Gas Projects
11:12am on Wednesday 7th of January, 2026 AEDT
Key Points
ASF Group executes debt-to-equity conversion with Rey Resources
Rey repays $1.07 million loan via transfer of Rey Surat Gas Pty Ltd
Rey Surat holds 5.67% interest in PZE Limited, linked to Surat and Silver Springs projects
Loan agreement terminated following equity transfer
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