Eastern Corporation Limited is an emerging energy company with coal seam gas interests in Australia and coal mines in New Zealand.
The Brisbane-based company is publicly listed on the Australian Securities Exchange (ASX:ECU).
Coal seam gas: AGL Energy Limited, one of Australia’s largest energy companies, is investing $37 million for a production pilot and an exploration and appraisal programme with Eastern’s 68% owned subsidiary Galilee Energy Limited, in the Galilee Basin in Queensland.
Coal: Eastern is an established producer of coal in New Zealand with expanding and diversifying operations. It supplies domestic industrial customers in the South Island where it is also engaged in exploration for both coking and thermal coal.
Eastern in the news
- AGL turns up the gas with $37m project
Queensland's coal seam gas sector just got hotter with AGL Energy investing $37 million. - AGL $37m farmin
AGL to invest A$37M in joint venture with Eastern Corporation’s Galilee Energy coal seam gas project - Galilee Release to Shareholders
AGL to invest A$37 million in Joint Venture with Galilee Energy in Queensland’s Galilee Basin - AGL ASX and Media Release
AGL invests in Galilee Basin coal seam gas production pilot and exploration - 23/06/08 Farm-in deal
Galilee Energy, the Eastern Corp subsidiary with coal seam gas exploration areas near Longreach, is in negotiations with a potential farm-in partner. - 15/05/08 Major coal deal for Toll Rail
Toll Rail has signed a two-year contract to transport coal from Eastern Coal Holdings Takitimu mine to Clandeboye, one of Fonterra's two large South Island dairy factories.
Eastern Corp on the ASX
| ASX Code | ECU |
|---|---|
| Last Price | 0.330 |
| % Change | 1.54 |
| Volume Traded | 29,987 |
| Time | 10:25 AM (AEDT) 10/03/2010 |
Visit the ASX Website for more detailed information
about Eastern
Corp. Data provided by NetQuote.
Broker Research
Click here to access the Research Article.
June 2009 Prospectus
Click here to download the Prospectus.
2009 Annual Report
Click here to access the 2009 Annual Report.
Galilee Update
Galilee Basin Conference November 2009
Download a PDF (627 KB)
Galilee Energy Project Update as presented to the 2008 International Coal Seam Gas Symposium, USA.
Download a PDF (225 KB)
Galilee Energy Project Power Point as presented to the 2008 International Coal Seam Gas Symposium, USA.
Download a PDF (1366 KB)
Galilee & NZ Location Maps
Click on a map to view a larger version of it.
2009 Highlights
- AGL commences dewatering at Glenaras 5 Spot Production Pilot
- Galilee Energy Limited exploration programme underway in ATP 799P
- Offer received for purchase of Eastern’s interest in the Broughton coal tenement
- Non – renounceable Rights Issue raises ~$5 million.
Announcements
- 26 February 2010: Offer to Galilee Energy Ltd Shareholders
- 26 February 2010: Sale of Broughton
- 19 February 2010: EGM Notice
- 10 February 2010: Offer to acquire 100% of Galilee Energy
- 09 February 2010: Galilee Weekly Operations Update
- 28 January 2010: Quarterly Activities Report December 2009