Acquiring Company
Gas Field Services
Acquired Company
QDrilling
QueenslandQueenslandEnergyOil And GasEnergyOil And GasDescription
QMines has completed the $1.4 million sale of its wholly owned QDrilling subsidiary to Gas Field Services. The divestment frees capital for exploration and development at the Mt Chalmers copper-gold project in central Queensland. QMines retains access to the drilling rig at Mt Chalmers, which remains on site under the new owner. The sale supports the company's focus on mine development ahead of a potential final investment decision.
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When Gas Field Services changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired QDrilling?
QDrilling was acquired by Gas Field Services, based in Queensland. The deal was reported on October 23, 2026. Gas Field Services is the buyer of QMines' wholly owned QDrilling subsidiary, which operates a drilling business. The company retains ownership of the drilling rig after the transaction. Gas Field Services is privately held and operates in Energy.
When did Gas Field Services acquire QDrilling?
Gas Field Services's acquisition of QDrilling was reported on October 23, 2026. QMines has completed the $1.4 million sale of its wholly owned QDrilling subsidiary to Gas Field Services. The divestment frees capital for exploration and development at the Mt Chalmers copper-gold project in central Queensland. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does QDrilling do?
QDrilling is a drilling business and wholly owned subsidiary of QMines. It was sold to Gas Field Services to free QMines from the costs and responsibilities of operating a drilling business. The drilling rig remains on site at the Mt Chalmers project. It is privately held, operating in Energy, and is based in Queensland.
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