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Equus Energy Ltd (ASX:EQU)

ALERT: Price-sensitive ASX Announcement for EQU
Current share price for EQU : $0.335 -0.085 (-20.24%)+
Announcement
Release
13 May 2026 8:22AM
Price at Release
$0.420
Full Release
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Summary
Equus Energy Ltd has announced the successful results of the Pre-Front End Engineering Design (Pre-FEED) for the Equus Gas Project on the North West Shelf. The Pre-FEED confirmed the project as technically feasible, commercially robust, and capital-efficient, validating pathways to commercialize substantial gas and condensate resources. Two development pathways, tying back to existing Pluto and Varanus Island infrastructures, were validated, reducing complexity and capex compared to greenfield alternatives. The project is poised to supply both LNG export markets and approximately 5% of Western Australia's domestic gas demand. The company is advancing into partnering, financing, and approvals ahead of the FEED stage and aims for a Final Investment Decision (FID) soon.
Key Points
  • Pre-FEED confirms Equus as technically feasible and commercially robust.
  • Validates development pathways via Pluto and Varanus Island infrastructures.
  • Capability to supply both LNG export markets and WA domestic gas demand.
  • Project to leverage existing North West Shelf infrastructure, reducing complexity.
  • Advancement into partnering and financing ahead of FEED and FID.
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.