Gas2Grid Limited ("GGX") is a Sydney based domestic and international oil and gas exploration company, formed in 2004 with the sole asset being a 750 square kilometres Petroleum Service Contract (SC 44) located onshore Cebu Island in the Philippines which had been issued for a seven year period. In March, 2008 Gas2Grid Limited purchased 100% of EP 453 located in the Canning Basin, Western Australia. The payment was satisfied by issuing Gas2Grid Limited shares. The Company acquired, through a licence application, a 50% interest and Operatorship of the St. Griede exploration licence, located in the Aquitaine Basin of south-west France in 2008 and that interest has been increased to 100% in August 2011 by a cash acquisition of the balance of 50% from the joint venture partner. In 2007, the Company entered in to a farmin to earn 55% interest in PEP 38260 (New Zealand). The Company withdrew from the farmin after drilling Kate-1 in 2008 which was plugged and abandoned after failing to intersect any hydrocarbons.
Gas2Grid Limited was listed on the Australian Securities Exchange ("ASX") in May, 2005 raising a gross $5 million. The Board currently comprises David Munns (Non-Executive Chairman), Dennis Morton (Managing Director), Darren Reeder (Non-Executive Director) and Patrick Sam Yue (Non-Executive Director).
