MARKETS

Gas2Grid seeking capital for Philippines field development

CONVENTIONAL explorer Gas2Grid is appealing to investors and wants to raise A$1.7 million for development work at its Service Contract 44 project on Cebu Island in the Philippines.

 Gas2Grid rig located at the NM-1 well in SC44. Image obtained Gas2Grid.

Gas2Grid rig located at the NM-1 well in SC44. Image obtained Gas2Grid.

This morning the company said it was seeking the cash through a 1 for 2 non-renounceable entitlement offer to deepen its Nuevo Malolos-1 well in the Malolos oilfield.   Under the entitlement offer...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry

editions

ENB Social Licence Report 2021

In its second year, this research now includes trends and new findings surrounding impacts and responses as the energy industry seeks to secure and maintain a social licence to operate.