Queensland Pacific Metals Ltd. (AU:QPM) has released an update.
Queensland Pacific Metals Ltd. (QPM) has reported a 38% increase in 2P gas reserves at its Moranbah Project, bringing the total to 331.2PJ, with over 200PJ uncontracted and available for rapid development to serve the Eastern Australian gas and electricity markets. The company has outlined a strategy to boost gas production and develop a suite of gas and electricity generation projects to capitalize on this significant reserve upgrade. Shareholders have a reason to be excited as the company gears up to address a myriad of sales opportunities with its bolstered production base and strategic initiatives.
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