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Equus Energy Ltd (ASX:EQU)

ALERT: Price-sensitive ASX Announcement for EQU
Current share price for EQU : $0.310 -0.07 (-18.42%)+
Announcement
Release
28 Jan 2026 8:41AM
Price at Release
$0.380
Full Release
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Summary
Equus Energy Ltd (ASX: EQU) has commenced trading on the Australian Securities Exchange following its acquisition of the Equus Gas Project in Western Australia. The company successfully raised A$15 million through a public offer to fund project advancements. Equus Energy now holds 100% ownership and operatorship of the Equus Gas Project, with regulatory approval secured from the National Offshore Petroleum Titles Administrator. The project, located on the North West Shelf, boasts an independently certified 2C contingent resource of 1,702 billion cubic feet of gas and 38 million barrels of condensate. A strategic funding and gas sales agreement has been signed with Alcoa of Australia Limited, providing up to US$30 million for project costs and exclusive rights for Alcoa to approximately 50 terajoules of domestic gas per day over a decade. Equus is advancing plans for LNG production and further exploration of the gas resource to supply both domestic and international markets.
Key Points
  • Equus Energy commenced trading on ASX on 18 December 2025.
  • Acquired the Equus Gas Project in WA with regulatory approval for 100% ownership.
  • Raised A$15 million through a public offer.
  • Project includes 2C contingent resources of 1,702 Bscf gas and 38 MMstb condensate.
  • Signed a US$30 million funding and gas sales agreement with Alcoa.
  • Alcoa to receive 50 TJ/d of gas for 10 years.
  • Project strategically located near existing LNG and domestic gas infrastructure.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.