Gas2Grid updates on Varying operations in March Quarter, Covid-19 Impact Visible

  • Apr 04, 2020 AEDT
  • Team Kalkine

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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