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Australian Gas Company (AusGasCo) Pty Ltd is an Australian owned energy industry company focused on prospective gas exploration and appraisal opportunities with access to the Australian East Coast Gas Market. The founders of AusGasCo have a proven Australian petroleum industry track record.

 

AusGasCo's Strategy:

 

           Secure low cost onshore gas assets with access to the Australian east coast market

 

           Develop a vertically integrated model with strategic midstream and downstream partnerships

 

           Remain agile and implement a lean operating model backed by an experienced team

 

           Focus on delivery to Australian domestic industrial and retail customers​​​

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AusGasCo's current portfolio includes one Authority to Prospect (ATP) tenure covering ~192,000 acres which is prospective for Walloon Coal Measures Coal Seam Gas (CSG) in the Surat Basin, Queensland, Australia. CSG production from these two basins account for ~65% of the Australian East Coast Gas Market (ECGM) or >4PJ/day. AusGasCo's tenures have a best estimate contingent and prospective resource of 186PJ with upside potential to 339 PJ (evaluated by third party reserve estimator Netherland, Sewell & Associates, NSAI).

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The ECGM forecast prevailing gas flow and gross demand synopsis:

  • CSG dominates Queensland and the Australian ECGM production supplying >1500PJ/year (Bowen and Surat CSG)

    • ~580 wells drilled in 2024, ~680 wells drilled in 2025, 204 wells drilled 2026 Q1

  • The Walloon Coal Measures, Surat Basin, supplies the largest volume contributing >65% to the ECGM with an avg. 2024 daily production of ~3.5PJ at the lowest estimated production cost

    • In comparison total conventional gas production in Queensland during 2024 was ~3% of the gas volumes produced from the Walloon Coal Measures

    • Published 2C Resources production costs are >20% less in the Surat Basin than published 2P Reserves conventional production costs in the Cooper Basin

  • The Queensland CSG to LNG industry is only ~11 years into the project lifecycle with a consistent supply imbalance narrative

    • Wallumbilla LNG netback 2026 forward price forecast jumped from $13.68/GJ to $21.09/GJ (>50%) on the back of recent global events

    • Average gas producer domestic contract prices for long term supply in 2026/27 range between $13.00/GJ to $14.00/GJ

    • ECGM step change supply shortfall forecast in 2030 with peak-day supply shortfall risks earlier in 2028 dominated by southern states demand and existing field decline

  • In the absence of commercial gas discoveries in new plays and/or frontier basins the reliance will increase on Queensland’s CSG supply through incremental development with existing infrastructure coupling

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