EGA

EASTERNGAS FPO [EGA]
Eastern Gas Corporation Limited operates as a natural gas exploration and development company. The company holds two Queensland exploration permits: ATP 2051 (Venus) in the Surat Basin in Southeast Queensland and ATP 927 (Windorah) in the Cooper Basin on the border of South Australia and Queensland. Its projects include Project Venus, covering an area of 78 km square within the Walloon Coal Seam Gas fairway on the northeastern flank of the Surat Basin in south east Queensland; and the Windorah Gas Project, a petroleum-producing basin covering 480 km square located in the Cooper Basin. The company was incorporated in 2025 and is based in Crows Nest, Australia. Eastern Gas Corporation Limited operates as a subsidiary of Pure One Corporation Limited.
Energy · ASX Small Cap
$0.1700 +0.0%

Updated 3 Sep 2026 · Signals refresh every scan

Appeared in 2 consecutive scansFirst seen: 2026-03-25
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Active Signals

Bullish Signals

  • Trading above both moving averages — the trend is your friend here
  • Volume surging at 6.6x normal while price falls — heavy selling pressure
  • Volume-price trend says buyers are quietly accumulating — price hasn't caught up yet
  • Cash positive / operating cashflow positive
  • Pre-revenue with limited cash
  • Micro-cap ($5-20M) - high risk
  • Sentiment is mixed — no strong consensus either way
  • The bigger volume days are the up days — volume-weighted momentum is positive (2.76%/day)
  • Pre-revenue company — Altman Z-Score not applicable
  • Liquidity risk: 8 zero-volume days in last 20
  • Commodity (Crude Oil): strong_up (+5pts)
  • AUD/USD strong (-2pts)
  • RBA hiking (-3pts)

Risk Signals

  • Piotroski F-Score weak (3/9, low-confidence approx)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Long-term momentum is negative — down 23% over the past year
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Recent Catalysts

NONE Excellent Gas Shows in Venus-2H as it reaches Total Depth
NONE Strong Gas Shows in Venus 2H as it intersects Target Coal
NONE Drilling Underway at Venus-2H Appraisal Well
Announcement tone +5pts

Recent ASX Announcements

2026-08-27 Excellent Gas Shows in Venus-2H as it reaches Total Depth PRICE SENSITIVE
2026-08-20 Strong Gas Shows in Venus 2H as it intersects Target Coal PRICE SENSITIVE
2026-08-09 Drilling Underway at Venus-2H Appraisal Well PRICE SENSITIVE
2026-08-05 Mobilisation Commences for Venus-2H Drilling
2026-07-31 Appointment of CFO

Key Metrics

$15.3M
Market Cap
38K
Avg Volume
6.6x
Vol Ratio
$0.12 — $0.22
52-Week Range
N/A
Short Interest
N/A
Cash Runway
N/A
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual Earningsinsufficient_dataCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & Demandinsufficient_dataFloat: 0%
LLeader vs LaggardpassRS: 11
IInstitutional Sponsorshipinsufficient_dataInst: 0%
MMarket DirectionneutralNeutral

Sector: Energy

65 tickers in this sector

View all Energy signals →Browse all ASX tickers A–Z →
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