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An announcement from State Gas Ltd. ( (AU:GAS) ) is now available.
State Gas Limited is facing an access dispute with a landowner at its Rolleston West Exploration Project, which has led to a blockage of access to partially completed exploration wells. The company is taking legal action to restore access and is confident of a favorable outcome, which will allow it to continue its operations and potentially impact its market positioning positively.
More about State Gas Ltd.
State Gas Limited is a Queensland-based gas exploration and development company focused on supporting east coast energy markets. It owns the Reid’s Dome and Rolleston-West gas projects and holds a 35% interest in joint ventures with Santos QNT Pty Ltd. The company aims to commercialize its assets using innovative solutions like a virtual pipeline to transport compressed gas.
Average Trading Volume: 200,903
Technical Sentiment Signal: Sell
Current Market Cap: A$10.6M
Learn more about GAS stock on TipRanks’ Stock Analysis page.