What is the core reason behind the new field operations launched by Eastern Gas Corporation?

Eastern Gas Corporation (ASX:EGA) commenced these field operations to progress the appraisal of an independently certified 130-petajoule contingent gas resource.

How did the stock market react to the operational announcement from Eastern Gas Corporation?

Following the announcement, the Eastern Gas Corporation (ASX:EGA) share price remained unchanged at $0.135. This stable market response immediately followed the company's disclosure of its first operational campaign since listing on the Australian Securities Exchange earlier this year.

What are the specific technical asset details for the Eastern Gas Corporation drilling program?

Eastern Gas Corporation (ASX:EGA) has commenced constructing a drilling pad for the Venus-2H horizontal appraisal well. The asset layout also includes the existing Venus-1 well, which will intersect with Venus-2H to establish an integrated production pilot.

What is the exact timeline for the Eastern Gas Corporation appraisal campaign?

Eastern Gas Corporation (ASX:EGA) is scheduled to begin workover operations on the existing Venus-1 well on July 8. The company expects actual drilling for the Venus-2H horizontal well to commence in mid to late July.

What geographic area is impacted by the Eastern Gas Corporation project?

The operational footprint of Eastern Gas Corporation (ASX:EGA) is located entirely within the Venus Project (ATP 2051) in Queensland's Surat Basin. Testing targeting the Walloon Coal Measures will take place within this specific geographic block.

Oil and Gas

Image for illustrative purposes only. Not a real photo.

Eastern Gas begins work on 130PJ project

Written by Mahathir BayenaPublished Jul 6, 2026, 6:29 AM

Eastern Gas has started field operations at its 100%-owned Venus Project in the Surat Basin.
Following the operational announcement, the company's share price remained unchanged at $0.135.
The campaign aims to progress the appraisal of an independently certified 130-petajoule contingent gas resource.

Eastern Gas Corporation (ASX:EGA) has commenced field operations at its 100%-owned Venus Project to evaluate a 130-petajoule gas resource.

This initiative marks the first operational campaign for the explorer since listing on the Australian Securities Exchange earlier this year.

Construction of the drilling pad has started for the Venus-2H horizontal appraisal well in Queensland's Surat Basin.

The company stated that workover operations on the existing Venus-1 well will begin on July 8.

Following the announcement, the Eastern Gas Corporation share price was unchanged at $0.135.

The project aims to collect technical data on gas deliverability and reservoir pressure across the Walloon Coal Measures.

The programme serves as an important step towards future commercial gas development.

Eastern Gas begins work on 130PJ project

Perguntas frequentes

Ativos relacionados a notícia