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Eastern Gas Launches $5.5M IPO to Advance Queensland Gas Projects

3:32pm on Tuesday 24th of February, 2026 AEDT Energy
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Eastern Gas Launches $5.5M IPO to Advance Queensland Gas Projects

3:32pm on Tuesday 24th of February, 2026 AEDT
Key Points
  • IPO to raise $5.5 million via 27.5 million shares at $0.20 each
  • 100% ownership of Queensland permits ATP 2051 (Venus) and ATP 927 (Windorah)
  • Venus Project holds 130.3 PJ 2C Contingent Resources; Windorah Project holds 330.3 Bscf 2C Contingent Resources
  • Funds allocated primarily for horizontal well drilling and flow testing at Venus
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