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The latest announcement is out from State Gas Ltd. ( (AU:GAS) ).
State Gas Limited has successfully drilled the Rougemont 6 well at its Rolleston West Project, confirming the continuity of gas-bearing coal seams and reinforcing the potential for a substantial gas production zone. The drilling results, supported by the Queensland Government’s Frontier Gas Exploration Program, are expected to lead to the establishment of a maiden 2P reserve, enabling further development and discussions with potential end users and infrastructure providers.
More about State Gas Ltd.
State Gas Limited is a company operating in the energy industry, focusing on the exploration and development of gas resources. Its primary activities involve drilling and assessing coal seam gas reserves, with a market focus on expanding gas production capabilities in Queensland, Australia.
YTD Price Performance: -28.21%
Average Trading Volume: 180,151
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$10.99M
For an in-depth examination of GAS stock, go to TipRanks’ Stock Analysis page.