STATE GAS LIMITED overview

Brisbane, Australia (ABN Newswire) - State Gas Limited (ASX:GAS) (OTCMKTS:STGSF) is pleased to announce the successful drilling, wireline logging and casing of the Rougemont-5 vertical well at its Rolleston West Project (ATP 2062) in Queensland's Southern Bowen Basin. Rougemont-5 is located approximately three kilometres south of the recently drilled Rougemont 6 vertical well, and four kilometres south-east of the existing Rougemont 2/3 dual lateral well system, which was producing gas in late...

Brisbane, Australia (ABN Newswire) - State Gas Limited (ASX:GAS) (OTCMKTS:STGSF) is pleased to announce successful drilling, wireline logging and casing of the Rougemont 6 vertical well at its Rolleston West Project (ATP 2062) in the Southern Bowen Basin in Queensland. HIGHLIGHTS: - Rougemont 6 well reached total target depth of 572 metres in maiden 2P Reserve drilling at Rolleston West - Coal intersections commenced at ~404 metres, with 8.1 metres of net coal logged - Elevated gas shows during...

Brisbane, Australia (ABN Newswire) - State Gas Limited (ASX:GAS) (OTCMKTS:STGSF) is pleased to announce commencement of drilling at its Rolleston West Project in Queensland, with two new exploration wells underway within ATP 2062. The program forms part of the Company's broader Exploration Program targeting a maiden 2P gas reserve of 30-50 petajoules (PJ), supporting State Gas's strategy to supply high-quality gas to the East Coast energy markets. HIGHLIGHTS: - Rougemont 5 and Rougemont 6 wells...

Brisbane, Australia (ABN Newswire) - State Gas Limited (ASX:GAS) (OTCMKTS:STGSF) has a highly prospective portfolio of gas acreage in the Southern Bowen Basin, which is in close proximity to productive gas projects which are targeting similar coal measures. These exploration areas are also close to critical existing pipeline infrastructure and in conjunction with initial revenues from HDNG sales, positions the Company well for continued exploration, appraisal and development. While we continue...

Brisbane, Australia (ABN Newswire) - State Gas Limited (ASX:GAS) (OTCMKTS:STGSF) is pleased to advise that it has commenced its two well exploration program for the Rolleston West Project located within ATP 2062 ("the Exploration Program"). HIGHLIGHTS: - Exploration has commenced at Rolleston West Project located within ATP 2062; - Two new vertical wells will be drilled, located close to Rougemont 2/3 in an area that has proven gas content and good permeability; - Gas from new wells will be able...

Brisbane, Australia (ABN Newswire) - State Gas Limited (ASX:GAS) (OTCMKTS:STGSF) provides an update on the $5.5M Exploration Grant Funding previously announced on 10 May 2024. As previously announced to the market on 3 December 2024, as a result of the land access dispute the two well exploration program, to be funded by the Queensland Government's Frontier Gas Exploration Program ("the Grant"), was deferred from late 2024 until early in calendar 2025. The Company expects to commence drilling in...

Brisbane, Australia (ABN Newswire) - State Gas Limited (ASX:GAS) (OTCMKTS:STGSF) releases an update for the quarter ending 31 December 2024 ("the Quarter"). Through the end of the quarter the Company successfully resolved an access dispute with the landowner associated with the Rolleston West Project. Whilst this impacted the HDNG production schedule, the Company is looking forward to the execution of planned exploration activities during the March Quarter. Commenting on the quarter and the...

Brisbane, Australia (ABN Newswire) - State Gas Limited (ASX:GAS) (OTCMKTS:STGSF) provides an update on its short-term plan for the Rolleston West drilling program and high density natural gas ("HDNG") operation. As previously advised, the Company's access to the Rolleston West project area was blocked by the landowner for 18 days, with access being reinstated on 19 November 2024. The landowner's decision to block our access has impacted both the HDNG operation and the drilling program. Blocked...