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The latest announcement is out from State Gas Ltd. ( (AU:GAS) ).
State Gas Limited has announced the independent certification of a maiden 2P gas reserve of 30.2 petajoules for its Rolleston West Project in central Queensland. This certification marks a significant milestone for the company, providing a strong economic foundation for future project development, including pipeline infrastructure and gas sales agreements. The reserve certification, conducted by Netherland, Sewell & Associates, Inc., validates the company’s geological work and production testing, and supports their High Density Natural Gas strategy. The project is expected to have a gross economic value between $360 million and $510 million, with potential for further upside from ongoing exploration.
More about State Gas Ltd.
State Gas Limited is a company operating in the energy sector, focusing on the exploration and production of natural gas. The company is primarily involved in the development of conventional and coal seam gas (CSG) projects, particularly in the Rolleston West Project area in central Queensland. Their market focus is on supplying gas to the undersupplied east coast market.
Average Trading Volume: 723,479
Technical Sentiment Signal: Sell
Current Market Cap: A$11.79M
For detailed information about GAS stock, go to TipRanks’ Stock Analysis page.