Gas2Grid Limited (GGX)



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General Information
Company Name: Gas2Grid Limited
Stock Code: GGX
Website: www.gas2grid.com
GICS Sub-Industry: Oil & Gas Exploration & Production
Market Cap ($M): 12
Equiv. Shares (M): 724

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.022 $ 0.018 $ 0.022 $ 0.018 $ 0.017 796,731 $ 0.005  29.412 %

Company Overview

Business Description:
Gas2Grid Limited (GGX) is oil and gas exploration company, with portfolio of conventional oil and gas assets in Cebu Island in the Philippines, Aquitaine Basin in south-west France and the Canning Basin, Australia. The Company plans for building and operating gas fired electricity generation plants in the Philippines fuelled by any gas discovered. GGX is also active within the Aquitaine Basin, where it has one existing exploration licence.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A -8.4 -1.4 -- 0.0 0.0 0.0 --
2012  A -1.2 -0.3 -- 0.0 0.0 0.0 --
2011  A -2.3 -0.8 -- 0.0 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F
Beach Energy (BPT) $2,276 M 0.0151 0.9023 -0.2357 16.3721 8.6064 11.2604 0.0156 0.0277 0.0308
Gas2Grid (GGX) $13 M -- -- -- -- -- -- 0.0000 -- --
Oil Search (OSH) $14,431 M 0.5489 1.4105 0.6191 55.5556 23.0471 14.2343 0.0047 0.0092 0.0160
Santos (STO) $13,819 M 0.1518 0.1839 0.6720 27.2797 23.0418 13.7807 0.0212 0.0237 0.0339
Woodside Petroleum (WPL) $34,777 M -0.0512 0.4722 -0.1353 18.2632 12.4056 14.3469 0.0659 0.0646 0.0555

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
GGX -- -- 0.91 -- --
Market 1.17 14.0 0.99 0.93 3.35
Sector 1.17 12.4 0.72 0.48 6.97

Directors
Name Position Start Date
Mr David Munns Chairman   
Mr Patrick W V M Sam Yue Company Secretary,Managing Director 09 October 2009
Mr Dennis James Morton Managing Director 31 March 2008
Mr Darren W Reeder Non-Executive Director 07 December 2010

Substantial Shareholders
Holding Name
57,469,589 (8.19%) Darren Wesley Reeder
114,697,279 (16.36%) Dennis J Morton
39,172,065 (5.59%) Munns, David A

Calendar of Events
Date Event
01 April 2015 Report (Quarterly)
29 January 2015 Report (Quarterly)
30 October 2014 Report (Quarterly)
24 September 2014 Report (Annual)
30 July 2014 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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