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State Gas Resumes Operations at Rolleston West Following Access Agreement

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State Gas Resumes Operations at Rolleston West Following Access Agreement

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State Gas Ltd. ( (AU:GAS) ) has shared an announcement.

State Gas Limited has resolved an access dispute with a landowner at its Rolleston West Project, allowing the company to resume activities and complete exploration wells. This development is crucial for State Gas as it seeks to expand its gas production capabilities and leverage its innovative HDNG production facility to deliver pipeline-quality natural gas, supporting the transition to renewable energy sources and providing new market opportunities.

More about State Gas Ltd.

State Gas Limited is a Queensland-based gas exploration and development company with a focus on supporting east coast energy markets through the efficient development of high-quality gas assets. The company owns significant gas projects in the southern Bowen Basin, including the Reid’s Dome and Rolleston-West projects, and aims to commercialize these assets using innovative solutions like a virtual pipeline. State Gas also holds a stake in joint ventures with Santos QNT Pty Ltd, enhancing potential synergies in the region.

Average Trading Volume: 278,455

Technical Sentiment Signal: Sell

Current Market Cap: A$9.42M

See more insights into GAS stock on TipRanks’ Stock Analysis page.

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