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State Gas Ltd. ( (AU:GAS) ) has provided an update.
In its quarterly report, State Gas Limited highlighted the success of its HDNG delivery in a trial demonstrating large mine trucks running on gas, leading to plans for an expanded trial involving more trucks. Despite a temporary setback due to an access dispute, the company anticipates a productive 2025 with exploration activities resuming and potential growth in organic revenue streams. The company is optimistic about the role of natural gas in the energy market and its strategic position near existing infrastructure. Efforts to optimize plant performance and expand HDNG supply are underway, with significant opportunities anticipated if risks are mitigated.
More about State Gas Ltd.
State Gas Limited is a company operating in the energy sector, primarily focusing on the production and supply of High Density Natural Gas (HDNG). The company is actively involved in exploration and development projects, particularly within ATP 2062 and PL231, to meet the growing energy demand on the East Coast of Australia. State Gas aims to use its HDNG technology to capture fugitive emissions and provide natural gas as an environmentally superior fuel to diesel, supporting lower carbon emissions across commercial applications.
YTD Price Performance: 2.50%
Average Trading Volume: 560,685
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$16.1M
For a thorough assessment of GAS stock, go to TipRanks’ Stock Analysis page.
