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An announcement from State Gas Ltd. ( (AU:GAS) ) is now available.
State Gas Limited has made significant progress in its Rolleston West project, advancing towards a maiden 2P reserve certification with independent verification. The company’s strategic initiatives include engaging with potential HDNG customers and exploring monetization options for its gas discoveries. The establishment of a 2P reserve is expected to bolster the company’s project economics, facilitate infrastructure negotiations, and support financing solutions, positioning State Gas as a competitive player in the CSG market.
More about State Gas Ltd.
State Gas Limited operates in the energy sector, focusing on the exploration and development of coal seam gas (CSG) resources. The company is engaged in projects such as Rolleston West and Reid’s Dome, with a market focus on providing high-density natural gas (HDNG) to industrial users seeking to reduce carbon emissions.
Average Trading Volume: 562,726
Technical Sentiment Signal: Sell
Current Market Cap: A$10.61M
See more insights into GAS stock on TipRanks’ Stock Analysis page.