Eastern Gas (#ASX: #EGA) advises that Lodge Partners has released a research note ahead of flow testing at Project Venus. ▶️ Watch the video highlights to learn more. 📖 Read the full research update 👉🏻easterngas.com.au/activity-u… #ASX #EGA #EasternGas #ProjectVenus #Venus2H #NaturalGas #CoalSeamGas #SuratBasin #Energy #Queensland #GasExploration #ASXNews

Eastern Gas (#ASX: #EGA) advises that Lodge Partners has released a research note on the Company ahead of flow testing at Project Venus. Read more: 👉 easterngas.com.au/activity-u… Highlights: ✅ Venus-2H is the first horizontal coal seam gas well drilled in the region. ✅ Venus-2H intersected the existing Venus-1 well and encountered 445 metres of interpreted net Macalister Lower coal. ✅ Repeated excellent gas shows were recorded through the target coal, with a peak total gas reading of 42.3%. ✅ Dewatering and flow testing of the integrated Venus-2H/Venus-1 well system is planned to commence in mid-October. ✅ Wholly owned acreage in Qld's Surat Basin and Cooper Basin has a combined 478PJ of 2C gas resources, in "Project Venus" (130PJ) and "Project Windorah" (348PJ). #EasternGas #NaturalGas #Energy #Queensland #ProjectVenus #ProjectWindorah

Eastern Gas Corporation Limited (#ASX: #EGA) has signed an indicative term sheet with RiverFort Global Capital Ltd for a proposed R&D loan facility of up to A$10 million, with an initial drawdown of up to A$1.5 million, subject to review and approvals. 📖 Read more: easterngas.com.au/announceme… #ASX #EGA #EasternGas #RiverFort #RDFunding #LoanFacility #Energy #NaturalGas #GasExploration #ProjectVenus #ASXNews

Eastern Gas Corporation Limited (#ASX: #EGA) is pleased to announce that it has signed an indicative term sheet with RiverFort Global Capital Ltd (RiverFort), which manages the investor(s) proposing to provide the funding (the Investor), in relation to a proposed research and development (R&D) loan facility of up to A$10 million (Facility). Highlights: ✅ Term sheet signed with RiverFort Global Capital Ltd for a proposed R&D loan facility of up to A$10 million ✅ Proposed three-year availability period, with an initial drawdown of up to A$1.5 million, subject to review of the Company's R&D tax incentive position and approvals ✅ Each drawdown to have a 12-month term, with repayment linked to receipt of the relevant R&D rebate and due at maturity ✅ Fixed interest rate of 9%, plus fees and unlisted options, with first-ranking security over R&D rebate receivables ✅ Term sheet is non-binding; the facility remains subject to definitive documentation and mutual agreement on drawdowns Read More 👉🏻: easterngas.com.au/announceme…  #ASX #EGA #EasternGas #RiverFort #ProjectFunding #RDFunding #LoanFacility #Energy #NaturalGas #GasExploration #GasDevelopment #ProjectVenus #SuratBasin #Queensland #ASXNews

Eastern Gas Corporation Limited (#ASX: #EGA) advises that MST Access has released research coverage on the Company, with a valuation of A$0.45 per share, highlighting its Queensland gas assets and upcoming project catalysts. Read the full report 👉 easterngas.com.au/activity-u… #ASX #EGA #ASXEGA #EasternGas #NaturalGas #Energy #Queensland #InvestorUpdate

Eastern Gas (#ASX: #EGA) advises that MST Access has released research coverage on the Company, with a valuation of A$0.45 per share.  Read more: 👉 easterngas.com.au/activity-u…  Highlights: ✅ MST Access valuation of A$0.45 per share, compared with a share price of A$0.17 at the date of the report. ✅ The contingent and prospective resource base is very large, and if EGA successfully applies the expertise and capital required, the upside is manifold in the success case. ✅ The EV/GJ of ~A$0.02 for such a large 2C resource is very low, and the risk-reward is skewed to the high side. ✅ There has been substantial previous exploration and investment (~$40M) in Projects Venus and Windorah, and the knowledge gained aids de-risking further appraisal, while comparable operator developments provide insight into development scenarios. ✅ The domestic gas market has improved materially since early exploration in these licenses a decade ago, and despite uncertainty in Federal Government energy policy, there is still a compelling opportunity for low-cost supply near to existing infrastructure in Eastern Queensland. ✅ Wholly owned acreage in Qld’s Surat Basin and Cooper Basin has a combined 478PJ of 2C of gas resources, in "Project Venus" (130PJ) and "Project Windorah" (348PJ). ✅ The recently completed Venus-2 horizontal CSG well is a critical next step in unlocking value for this project and a second well is under consideration. ✅ At Project Windorah, the Company plans to re-enter, stimulate and test an existing well, subject to farm-out and funding. ✅ Cash at 30 June was $3.5M, which is sufficient to pay for the Venus-2 drilling and production testing. #EasternGas #NaturalGas #Energy #Queensland #ProjectVenus #ProjectWindorah

Eastern Gas Corporation Limited (#ASX: #EGA) is progressing Project Venus into its next phase of appraisal following the successful completion of Venus-2H. The focus now turns to preparations for dewatering and flow testing, planned to commence in mid-October 2026. 📖 Read more: 👉🏻 easterngas.com.au/announceme… #ASX #EGA #EasternGas #ProjectVenus #Venus2H #SuratBasin #CoalSeamGas #CSG #NaturalGas #GasExploration #FlowTesting #Energy #Queensland #ASXNews

Eastern Gas Corporation Limited (#ASX: #EGA) advises that drilling operations and demobilisation for the Venus-2H horizontal appraisal well at its 100%-owned Project Venus in Queensland's Surat Basin are complete. The final equipment associated with the drilling program departed the well site on 1 September 2026. Highlights: ✅ Drilling operations and demobilisation complete, with the final drilling equipment leaving the well site on 1 September 2026. ✅ Venus-2H successfully intersected Venus-1 and encountered a cumulative 445 metres of interpreted net Macalister Lower coal within the production wellbore, as previously announced. ✅ Dewatering and flow testing planned to commence mid-October 2026, subject to final confirmation and completion of well and surface-facility preparations. ✅ Testing will assess water production, reservoir pressure response, gas breakthrough and subsequent gas flow performance through the integrated Venus-2H/Venus-1 well system. Read More: 👉easterngas.com.au/announceme… #ASX #EGA #EasternGas #ProjectVenus #Venus2H #SuratBasin #CoalSeamGas #CSG #NaturalGas #GasExploration #GasDevelopment #Dewatering #FlowTesting #Energy #Queensland #ASXNews

Eastern Gas Corporation Limited (#ASX: #EGA) recently welcomed students and staff from Guluguba State School to the Venus-2H drill site, bringing their classroom lessons about rocks and minerals to life while introducing them to the people, skills and technology behind the oil and gas industry. Read more here: 👉 easterngas.com.au/activity-u… #EasternGas #ASXEGA #ProjectVenus #Venus2H #STEMEducation #Geology #EnergyIndustry #CommunityEngagement

Eastern Gas Corporation Limited (#ASX: #EGA) has reached another key milestone at its 100%-owned Project Venus in Queensland’s Surat Basin, with the Venus-2H horizontal appraisal well successfully reaching total depth at 1,450 metres. The integrated Venus-2H/Venus-1 well system will now move into completion, dewatering and flow testing. Read more: 👉🏻 easterngas.com.au/announceme… #ASX #EGA #EasternGas #ProjectVenus #Venus2H #SuratBasin #CoalSeamGas #CSG #NaturalGas #Energy #GasExploration #GasProduction #Queensland #ASXNews

Eastern Gas Corporation Limited (#ASX: #EGA) featured in The Courier-Mail on Saturday 29 August, with columnist Des Houghton profiling the company's Surat Basin drilling program and the case for developing Queensland gas. Highlights ✅ Managing Director David Spring told the paper that AEMO forecasts a 46 per cent decline in gas production from legacy fields in the southern states over the next five years, leaving Queensland to pick up the slack. ✅ Most coal seam gas wells in the Surat and Bowen basins have historically been drilled vertically through the seam. Eastern Gas is drilling down to 425 metres and then turning the well to travel along a target coal seam up to 6 metres thick. ✅ Running the well along the seam exposes the wellbore to far more gas-bearing coal and can make gas commercially viable that was previously too difficult or expensive to extract. ✅ Houghton writes that Queensland's gas assets have been valued at $489.7bn, with $293.8bn in the Surat Basin, and argues the untapped resource could deliver $45.6bn in state royalties over two decades. Read More: 👉 easterngas.com.au/activity-u… #ASX #EGA #EasternGas #SuratBasin #CoalSeamGas #CSG #NaturalGas #Energy #GasExploration #GasProduction #Queensland #DirectionalDrilling

Eastern Gas Corporation Limited (#ASX: #EGA) is pleased to advise that the Venus-2H horizontal appraisal well has reached a total depth of 1,450 metres measured depth at its 100%-owned Project Venus in Queensland's Surat Basin. Highlights: ✅ Venus-2H successfully reached total depth at 1,450 metres measured depth, having intersected the existing Venus-1 vertical wellbore at approximately 927 metres measured depth. ✅ Across the completed production wellbore, Venus-2H intersected a cumulative 445 metres of interpreted net Macalister Lower target coal. ✅Repeated excellent gas shows were recorded throughout the target coal intervals, including a peak total gas reading of 42.3%. ✅The integrated Venus-2H/Venus-1 well system will now be completed and prepared for dewatering and flow testing. Read More:👉cdn-api.markitdigital.com/ap… #ASX #EGA #EasternGas #ProjectVenus #Venus2H #SuratBasin #CoalSeamGas #CSG #NaturalGas #Energy #GasExploration #GasProduction #Queensland #ASXNews

Eastern Gas Corporation Limited (#ASX: #EGA) is progressing the Venus-2H horizontal appraisal well at its 100%-owned Project Venus in Queensland’s Surat Basin, with the well now within the target Macalister Lower coal seam and recording excellent gas shows of up to 25.4%. Read More: 👉 easterngas.com.au/announceme… #ASX #EGA #EasternGas #ProjectVenus #Venus2H #SuratBasin #CoalSeamGas #CSG #NaturalGas #Energy #GasExploration #Queensland #ASXNews

Eastern Gas Corporation Limited (#ASX: #EGA) is pleased to provide an operational update on the Venus-2H horizontal appraisal well at its 100%-owned Project Venus in Queensland's Surat Basin. Venus-2H has entered the target Macalister Lower coal seam and is continuing to drill toward the planned intersection with the existing Venus-1 vertical wellbore. Highlights: ✅ Venus-2H has entered the target Macalister Lower coal seam and is continuing to drill toward the planned intersection with Venus-1 ✅ Drilling has encountered intervals comprising up to 100% coal cuttings ✅ Excellent gas shows have been recorded, with total gas readings of up to 25.4% ✅ Under the wellsite classification used for the drilling program, gas readings above 8% are classified as excellent ✅ Venus-2H is currently approximately 60 metres from Venus-1, with intersection activities expected to commence following deployment of the ranging tool Read more: 👉 cdn-api.markitdigital.com/ap… #ASX #EGA #EasternGas #ProjectVenus #Venus2H #SuratBasin #CoalSeamGas #CSG #NaturalGas #Energy #GasExploration #GasDevelopment

Eastern Gas Corporation Limited (#ASX: #EGA) is advancing the Venus-2H horizontal appraisal well as part of its Project Venus program in Queensland’s Surat Basin, with the program designed to further assess the project’s reservoir potential and future commercial development. Read more here: 👉 cdn-api.markitdigital.com/ap… #ASX #EGA #EasternGas #ProjectVenus #Venus2H #SuratBasin #CoalSeamGas #Energy #GasExploration

Eastern Gas Corporation Limited (#ASX: #EGA) Managing Director David Spring highlights the key operational milestones ahead as drilling of the Venus-2H horizontal appraisal well gets underway at Project Venus. ▶️ Read more 👉🏻 cdn-api.markitdigital.com/ap… #ASX #EGA #EasternGas #ProjectVenus #CSG #NaturalGas #ASXNews

Eastern Gas Corporation Limited (#ASX: #EGA) has commenced drilling of the Venus-2H horizontal appraisal well at its 100%-owned Project Venus in Queensland’s Surat Basin, marking a key milestone in the Company’s appraisal program. Read more here: 👉🏻 cdn-api.markitdigital.com/ap… #ASX #EGA #EasternGas #ProjectVenus #CSG #CoalSeamGas #NaturalGas #Energy #ASXNews

Eastern Gas Corporation Limited (#ASX:#EGA) is pleased to announce the commencement of drilling of the Venus-2H horizontal appraisal well at its 100% owned Project Venus (ATP 2051) in Queensland's Surat Basin. Highlights ✅Drilling of the Venus-2H horizontal appraisal well now underway at Project Venus (ATP 2051) ✅First horizontal coal seam gas (CSG) well drilled in the region ✅Drilling expected to take approximately 14 days before completion and production testing ✅Venus-2H is designed to intersect with the existing Venus-1 well to establish an integrated production pilot ✅Integrated appraisal program designed to generate data to support future reserve conversion and field development planning ✅Flow testing expected to commence following drilling completion, providing initial gas deliverability data ✅Multiple operational milestones over coming weeks including drilling completion, well intersection and production testing. Read More: 👉 cdn-api.markitdigital.com/ap… #ASX #EGA #EasternGas #ProjectVenus #NaturalGas #CSG #CoalSeamGas #GasExploration #Energy #AustralianGas #Queensland #SuratBasin #EnergySecurity #ASXNews

Eastern Gas Corporation Limited (#ASX: #EGA) has commenced mobilisation for the Venus-2H horizontal appraisal well at its 100%-owned Project Venus in Queensland's Surat Basin, marking the final stage of preparation ahead of drilling, which is scheduled to begin on 10 August 2026. 📖 Read more 👉 : cdn-api.markitdigital.com/ap… #ASX #EGA #ASXEGA #EasternGas #ProjectVenus #SuratBasin #NaturalGas #GasExploration #Energy #AustralianEnergy #OilAndGas #EnergySecurity #ASXNews