Eastern Gas Corporation Limited (ASX: EGA) is an Australian-based energy company headquartered in Crows Nest, New South Wales, that specializes in the exploration and development of natural gas resources. Founded with a core mission to provide Australians with enhanced energy security and a reliable source of power, the company focuses on identifying and advancing high-prospectivity tenements within the country’s most prolific onshore petroleum basins. As a recent entrant to the public market, the entity is positioned to address the growing demand for domestic gas supply and support the regional energy infrastructure.
The company’s operational footprint is defined by two flagship assets located in the state of Queensland: Project Venus and Project Windorah. Project Venus encompasses approximately 78 square kilometers within the Surat Basin’s Walloon Coal Seam Gas fairway, a well-established region characterized by high-quality acreage and a history of successful gas production. Project Windorah, situated in the Cooper Basin, covers a substantial 480-square-kilometer area and represents a significant basin-centred gas play. This project has notably been awarded a 15-year Potential Commercial Area status, highlighting its long-term strategic value and resource potential.
Eastern Gas Corporation Limited maintains a strategic market position by securing assets in close proximity to industrial-scale gas infrastructure and major pipeline networks that connect to both domestic markets and international LNG hubs. The company’s strategy is centered on leveraging these logistical advantages to reduce development costs and accelerate the delivery of gas to end-users. By focusing on proven geological fairways and sustainable extraction practices, the company aims to play a critical role in fueling the transition to a lower-carbon economy while delivering long-term value to its shareholders through disciplined resource management.
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