State Gas Ltd. ( (AU:GAS) ) has issued an update.
State Gas Limited has commenced its exploration program at the Rolleston West Project, aiming to establish a maiden 2P reserve of 30-50PJs. The project, funded by a $5.5 million grant from the Queensland Government, involves drilling two new wells and utilizing the company’s high density natural gas plant to capture and commercialize gas, enhancing revenue and reducing emissions. Successful results could lead to accreditation of the reserves, supporting commercial viability and infrastructure connections.
More about State Gas Ltd.
State Gas Limited is an energy company operating in the natural gas industry, focusing on exploration and production. The company is involved in developing gas reserves and commercializing gas production, with a market focus on enhancing revenue through efficient gas capture and reducing emissions.
YTD Price Performance: -5.00%
Average Trading Volume: 211,017
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$14.92M
For detailed information about GAS stock, go to TipRanks’ Stock Analysis page.