tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

State Gas Advances Rolleston West Project with New Drilling Success

Story Highlights
State Gas Advances Rolleston West Project with New Drilling Success

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

An update from State Gas Ltd. ( (AU:GAS) ) is now available.

State Gas Ltd. has successfully drilled and completed two new wells, Rougemont-5 and Rougemont-6, at its Rolleston West Project, intersecting approximately 8 meters of net coal in the Bandanna Formation. The company is conducting production testing and has engaged Netherland Sewell & Associates Inc. for reserve certification, which is expected to support the establishment of a 2P reserve estimate by September 2025. This development will enable State Gas to pursue a petroleum lease, negotiate pipeline access, and explore financing solutions, thereby enhancing its operational capabilities and market presence.

More about State Gas Ltd.

State Gas Ltd. is an energy company operating in the oil and gas industry, focusing on the exploration and production of coal seam gas (CSG) in Queensland, Australia. The company is engaged in developing its Rolleston West Project in the Southern Bowen Basin, aiming to establish a certified 2P reserve and enhance its market positioning through strategic infrastructure connections.

Average Trading Volume: 287,590

Technical Sentiment Signal: Sell

Current Market Cap: A$9.04M

See more insights into GAS stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1