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Equus Energy Ltd (ASX:EQU)

ALERT: Price-sensitive ASX Announcement for EQU
Current share price for EQU : $0.350 0.03 (9.37%)+
Announcement
Release
19 Aug 2026 8:21AM
Price at Release
$0.320
Full Release
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Summary
The Pre-FEED Economic Evaluation of the Equus Gas Project by Equus Energy Ltd outlines a development plan for its gas and condensate resources. The project, 100% owned by Equus, involves a phased development approach aiming to produce 2 Mtpa of LNG, 50 TJ/d of WA domestic gas, and up to 12,000 bbl/d of condensate. The plan involves utilizing a leased FPSO and an offshore export pipeline, with significant reliance on third-party infrastructure to reduce capital expenditure. The economic evaluation shows a projected NPV10 of US$867 million and an IRR of 31%, with a capital payback period of approximately two years post-production initiation. Key risks include securing infrastructure access, appropriate partners, and final investment decisions. The project is currently moving toward securing partnerships, financing, and regulatory approvals ahead of the FEED and FID stages.
Key Points
  • Pre-FEED completed confirming robust development pathway.
  • Plan targets 2 Mtpa of LNG and 50 TJ/d of domestic gas.
  • Development uses leased FPSO and export pipeline.
  • Projected NPV10 of US$867 million and IRR of 31%.
  • Capital payback estimated at two years post-production.
  • Significant reliance on third-party infrastructure.
  • Key risks include securing infrastructure access and partners.
  • Project moving towards FEED and FID stages.
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.