State Gas Secures Shareholder Support as It Advances Bowen Basin Gas and Virtual Pipeline Strategy

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

State Gas Limited has reported that all resolutions put to shareholders at its 21 January 2026 general meeting were passed by poll, providing formal board and shareholder backing for its current strategic and operational direction. The outcome reinforces the company’s plans to accelerate commercialisation of its southern Bowen Basin assets, including early-stage production at its Rolleston West (Rougemont) project and deployment of its modular HDNG facility and virtual pipeline solution, developments that could strengthen its position as a flexible gas supplier to east coast industrial users lacking direct pipeline access and support its role in the ongoing energy transition.

The most recent analyst rating on (AU:GAS) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on State Gas Ltd. stock, see the AU:GAS Stock Forecast page.

More about State Gas Ltd.

State Gas Limited is a Queensland-based gas exploration and development company focused on supplying Australia’s east coast energy markets. It owns the contiguous Reid’s Dome (PL-231) and Rolleston West (ATP 2062) gas projects in the southern Bowen Basin, targeting both coal seam gas and conventional gas located close to existing pipeline infrastructure. The company is advancing an innovative virtual pipeline model, including a first-of-its-kind CSG-to-HDNG production facility, to truck compressed, pipeline-quality gas to infrastructure or end users, and also holds a 35% interest in adjacent exploration tenements ATP 2068 and ATP 2069 in joint venture with Santos, offering potential operational synergies across the region.

Average Trading Volume: 764,294

Technical Sentiment Signal: Sell

Current Market Cap: A$10.21M

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