Equus Energy Completes Pre-FEED for Equus Gas Project on Northwest Shelf

Equus Energy Limited (ASX:EQU) announced that it has completed the Pre-Front End Engineering Design (Pre-FEED) phase for its Equus Gas Project on Australia's Northwest Shelf. The study, concluded in May 2026, validated two capital-efficient development options leveraging existing infrastructure.

The project features a 2C contingent resource of 1,702 billion standard cubic feet (Bscf) of gas and 38 million US stock tank barrels (MMstb) of condensate. Pre-FEED results indicate potential gross production of approximately 350 MMscf/day, supplying up to 50 TJ/day to Western Australia's domestic gas market, 2 million tonnes per annum (Mtpa) of LNG exports, and initial condensate output near 12,000 barrels per day.

The company has also signed a binding Acquisition Agreement on June 6, 2025, to acquire 100% ownership of Western Gas Corporation Pty Ltd and its subsidiaries. This acquisition will provide Equus Energy with access to existing infrastructure, enabling the development of the Equus Gas Project.