Oil and Gas exploration company, Gas2Grid Limited (ASX:GGX) recorded the cash and cash equivalents of $ 362,000 at the end of the period for March quarter.
Philippines operational highlights include:
- Suspension of Nuevo Malolos 1 well, request for extension of 12 months of the same has been placed.
- Imported equipment for freeing drilling assembly landed at the port of Cebu, custom delays due to Covid-19.
- Consumables delivery approval received.
- Malolos Oil Field’s economic model would need reassessment due to Covid-19 impact.
In France, the company has lodged a claim of €34.35 million against the French Government.
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