Eastern Gas Corporation Limited (#ASX: #EGA) is progressing into the next operational phase at the Project Venus coal seam gas project in Queensland’s Surat Basin. Following its successful IPO, the Company is preparing to commence a multi-well appraisal drilling campaign targeting the Walloon coal seams, with drilling expected to begin toward the end of April. David Spring, Managing Director of Eastern Gas Corporation Limited, said: "Following the successful completion of Eastern Gas' recent IPO and funding of our appraisal program, we are pleased to move into the next operational phase at Project Venus.” “The drilling contract enables the commencement of a multi-well appraisal campaign targeting the Walloon coal seams, with drilling expected to begin toward the end of April. This program is designed to test gas deliverability and represents an important step in progressing Project Venus toward reserve conversion and future development." Read more: data-api.marketindex.com.au/… #IPO #ASXIPO #EnergyStocks #SmallCaps #InvestorUpdate #Drilling #FlowTesting #ReservesUpgrade #EnergyDevelopment #GrowthCatalysts #NaturalGas #GasExploration #EnergyTransition #AustralianEnergy #DomesticGas

Eastern Gas Corporation Limited (#ASX: #EGA) is preparing to commence appraisal drilling at the Project Venus coal seam gas project in Queensland’s Surat Basin. The planned multi-well campaign will test gas deliverability from the Walloon coal seams, with drilling expected to begin in April 2026. Read More: data-api.marketindex.com.au/… #IPO #ASXIPO #EnergyStocks #SmallCaps #InvestorUpdate #Drilling #FlowTesting #ReservesUpgrade #EnergyDevelopment #GrowthCatalysts #NaturalGas #GasExploration #EnergyTransition #AustralianEnergy #DomesticGas

Eastern Gas Corporation Limited (#ASX: #EGA) is pleased to confirm that, following its successful and oversubscribed IPO, the Company is now in the final stages of preparation to commence near-term appraisal drilling at the Project Venus coal seam gas project (ATP 2051) in Queensland’s Surat Basin. Key Highlights: ✅ Drilling services contract is being finalised for the upcoming multi-well appraisal program at Project Venus (ATP 2051) ✅ Drilling is expected to commence in April 2026 ✅Project Venus contains 130.3 PJ (2C) and 157.9 PJ (3C), independently reported contingent gas resources ✅ Located in Queensland’s Walloon Coal Seam Gas fairway, a prolific gas producing region with established infrastructure, pipeline connectivity, and surrounded by major producers – Shell, APLNG and Santos ✅ Horizontal wells targeting Upper Juandah coal seams are planned as part of the appraisal campaign ✅ Project positioned to contribute to future east coast domestic gas supply Eastern Gas is planning a multi-well drilling campaign, with the first well currently scheduled to commence toward the end of April 2026, subject to final operational readiness and rig mobilisation. Read more: data-api.marketindex.com.au/… #IPO #ASXIPO #EnergyStocks #SmallCaps #InvestorUpdate #Drilling #FlowTesting #ReservesUpgrade #EnergyDevelopment #GrowthCatalysts #NaturalGas #GasExploration #EnergyTransition #AustralianEnergy #DomesticGas