State Gas Confirms Gas Potential at Rolleston West with Successful Drilling

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

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