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State Gas Ltd. ( (AU:GAS) ) has issued an announcement.
State Gas reported that the March 2026 quarter was marked by severe disruption in global energy markets, which it believes will drive stronger demand for locally sourced oil and gas as Australia confronts vulnerabilities in its fuel supply and refining capacity. In response, the company is positioning its Central Queensland portfolio to support domestic energy security across short, medium and long time frames, including through immediate deployment of its HDNG compressed gas solution for off-pipeline industrial users.
The company has launched a concept study for the Rolleston West project to assess pipeline-supported development producing 10–30 terajoules a day into the East Coast gas network or LNG export channels. It has also re-evaluated deeper Permian targets in PL231 and ATP 2062, confirming potential for significant tight gas and condensate resources in a geologically favourable, overpressured structure, and is engaging with strategic partners on farm-in and co-investment options that could accelerate commercialisation from its granted petroleum lease at Reid’s Dome.
More about State Gas Ltd.
State Gas Ltd. is an Australian oil and gas explorer and developer focused on conventional and unconventional petroleum projects in Central Queensland. Its key assets include the Rolleston West coal seam gas project and the Reid’s Dome (PL231) and ATP 2062 tenements in the Denison Trough, targeting both pipeline-quality gas and deeper unconventional gas and liquids for domestic and LNG markets.
Average Trading Volume: 678,624
Technical Sentiment Signal: Hold
Current Market Cap: A$10.83M
See more data about GAS stock on TipRanks’ Stock Analysis page.