These WG Subsidiaries hold the gas retention lease and exploration permits which comprise the Equus Gas Project.
Overview of the Equus Gas Project
The Equus Gas Project is located approximately 200 kilometres north-west of Onslow, in the northern Carnarvon Basin on the North West Shelf (NWS) of Western Australia (WA).
The Equus Gas Project remains one of the largest undeveloped gas resources on the NWS, located adjacent to Woodside’s Scarborough Gas Project that is currently under development and scheduled for first gas in late 2026.
The Equus Gas Project contains an independently certified 2C contingent resource of 1,702 billion standard cubic feet (Bscf) of gas and 38 million US stock tank barrels (MMstb) of condensate (refer to the Independent Technical Specialist’s Report in Annexure A for further details). The Company considers it is a highly strategic resource capable of supplying a vital new source of gas for WA’s existing liquefied natural gas plants and domestic gas market.
It is anticipated that EQU will list on the ASX during November 2025.
