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European Gas Limited is a hydrocarbon producer/developer/explorer with projects in western Europe. The strategy of the company is to develop Coal Bed Methane and Coal Mine Methane projects, in particular, in France where the company has major holdings under licence. The permit and application portfolio covers over 10,000 square kilometres in France, Italy and Belgium and contains the largest unconventional gas resources ever assembled in continental western Europe.
Contingent resources have recently increased over eight fold to 8990 Petajoules (8.5 trillion cubic feet or 240 billion cubic metres) and work in progress will significant increase the company’s resource and reserve position.
The recent acquisition of Gazonor has launched the company into gas production which is sold principally into the French national pipeline network.
The western European natural gas market is substantial with advanced infrastructure, including extensive pipeline networks and a free and open market.
The company also holds hydrocarbon royalties in the Canning Basin of Western Australia.
European Gas Limited is listed on the Australian Securities Exchange under code EPG.
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