Gas2Grid acquires 100% interest in EP 453TOP NewsSource: News...

Gas2Grid acquires 100% interest in EP 453
TOP News

Source: News Bites


Gas2Grid Ltd has acquired a 100% working interest in EP 453 onshore Canning Basin in Western Australia for 6 million shares and 3% royalties to the vendors.

EP 453 is an exploration licence with oil and gas targets in carbonate reefs and sandstone reservoirs.

The acquisition will facilitate Gas2Grid in attracting a farm-in partner to participate in future exploration and benefiting from any farm-in premium.

Dennis Morton has been appointed as managing director from March 31, 2008.

Acting executive director Dr David King will resume as a non-executive director.

Mr Morton has oil and gas exploration and corporate experience. He was managing director of Eastern Star Gas Ltd and held executive positions in Bow Valley (Australia) Ltd, Capital Energy Ltd, Hartogen Energy Ltd, and Esso Australia Ltd.



STOCK DASHBOARD: March 28, 2008

Gas2Grid

Closing Price: 8.0c

Price change from previous trading day: 33.3%

Relative Strength (6 months percentile rank): 86.3

Market capitalisation: $7 million

Turnover volume: 763,933.0

Volume Index (1 is average): 3.3

Turnover value: $52,378

Turnover period: 1 year 3 months

Value of $1,000 invested 1 year ago: $1,600