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Equus Energy Ltd (ASX:EQU)

ALERT: Price-sensitive ASX Announcement for EQU
Current share price for EQU : $0.325 -0.09 (-21.69%)+
Announcement
Release
30 Apr 2026 3:23PM
Price at Release
$0.415
Full Release
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Summary
Equus Energy Ltd (ASX: EQU) reported a cash balance of $14.3 million as of 31 March 2026. During the March quarter, the company focused on advancing pre-FEED activities for the Equus Gas Project, spending $1.5 million on exploration. Development planning aimed at leveraging existing LNG and gas infrastructure to minimize capital expenditures. The project received ongoing financial support from Alcoa under a funding agreement. The Western Australian domestic gas market is anticipated to face supply challenges, highlighting the importance of new developments like the Equus Project. Additionally, the company strengthened its corporate team with the appointment of Joe Collins as General Manager – Corporate Development.
Key Points
  • Equus held $14.3 million in cash as of 31 March 2026.
  • $1.5 million spent on exploration and evaluation activities during the quarter.
  • Pre-FEED activities at Equus Gas Project advanced.
  • Development planning focused on tie-back options to LNG and gas infrastructure.
  • Alcoa funding supported project study costs.
  • Western Australian gas market faces supply shortfall.
  • Appointment of Joe Collins as General Manager – Corporate Development.
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.