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State Gas Ltd.
(Sydney:GAS)
State Gas Ltd. (GAS) vs. iShares MSCI Australia ETF (EWA)
State Gas Ltd. Business Overview & Revenue Model
State Gas Ltd. Financial Statement Overview
| Breakdown | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -313.00K | -293.00K | -209.00K | -3.56K | -181.00K |
| EBITDA | -3.21M | -1.08M | 1.55M | -2.94M | -3.37M |
| Net Income | -3.63M | -1.19M | 1.34M | -2.95M | -3.55M |
Balance Sheet | |||||
| Total Assets | 48.32M | 40.91M | 33.88M | 29.54M | 12.85M |
| Cash, Cash Equivalents and Short-Term Investments | 31.75K | 453.35K | 3.23M | 3.16M | 875.05K |
| Total Debt | 2.14M | 200.00K | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 8.01M | 4.31M | 2.58M | 4.36M | 1.17M |
| Stockholders Equity | 40.32M | 36.61M | 31.30M | 25.18M | 11.68M |
Cash Flow | |||||
| Free Cash Flow | -10.84M | -10.59M | -7.41M | -11.79M | -7.07M |
| Operating Cash Flow | -2.13M | -1.33M | -1.20M | -1.10M | -1.22M |
| Investing Cash Flow | -7.41M | -8.31M | -6.24M | -11.03M | -5.85M |
| Financing Cash Flow | 9.11M | 6.87M | 7.50M | 14.42M | 1.60M |
State Gas Ltd. Technical Analysis
State Gas Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
52 Neutral | C$2.94B | -1.05 | -3.46% | 5.87% | 3.01% | -47.13% | |
41 Neutral | AU$9.03M | ― | -9.81% | ― | ― | -73.68% | |
| ― | $5.99M | ― | -16.71% | ― | ― | ― | |
47 Neutral | AU$8.94M | 56.67 | -5.62% | ― | -12.53% | -233.33% | |
44 Neutral | AU$8.35M | ― | -41.54% | ― | 27.03% | 58.18% | |
39 Underperform | AU$8.04M | ― | -69.10% | ― | ― | 79.49% | |
34 Underperform | AU$6.27M | ― | ― | ― | ― |
State Gas Ltd. Corporate Events
State Gas Limited has reported promising drilling results from its new Rougemont 5 and 6 wells at the Rolleston West Project, indicating strong coal and gas consistency. These results are expected to support the establishment of a maiden 2P reserve, which will facilitate negotiations for pipeline access and the application for a petroleum lease, potentially enhancing the company’s operational capabilities and market positioning. Additionally, State Gas is expanding its high-density natural gas (HDNG) supply arrangements, aiming to increase its revenue stream by supplying HDNG for a dual fuel engine trial, which could lead to improved transportation and logistics efficiencies.
State Gas Limited has successfully drilled the Rougemont-5 well in the Rolleston West Project, confirming the continuity of gas-bearing coal seams in the Southern Bowen Basin. The drilling results, which include elevated gas shows, reinforce the commercial potential of the area and support the company’s plans to establish a new east coast gas supply source. The completion and flow testing of Rougemont-5 and 6 are expected by mid-May 2025, which will provide crucial data for a maiden 2P reserve, enhancing the company’s industry positioning and offering promising implications for stakeholders.
State Gas Limited has successfully drilled the Rougemont 6 well at its Rolleston West Project, confirming the continuity of gas-bearing coal seams and reinforcing the potential for a substantial gas production zone. The drilling results, supported by the Queensland Government’s Frontier Gas Exploration Program, are expected to lead to the establishment of a maiden 2P reserve, enabling further development and discussions with potential end users and infrastructure providers.
State Gas Limited has commenced drilling at its Rolleston West Project in Queensland, with two exploration wells, Rougemont 5 and Rougemont 6, underway. This initiative is part of the company’s strategy to establish a maiden 2P gas reserve of 30–50 petajoules, supported by a $5.5 million grant from the Queensland Government. The successful drilling program is expected to confirm the quality and continuity of the coal seams, potentially leading to a petroleum lease application and advancing discussions with end users and infrastructure providers.
State Gas Limited has released its interim report for the period ending 31 December 2024. The report includes the chairman’s letter, directors’ report, and financial statements, indicating the company’s ongoing transparency and commitment to stakeholders. This release provides insights into the company’s financial health and strategic direction, which may impact its market positioning and stakeholder confidence.
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.
State Gas Limited has announced an update on the timing of its $5.5 million Exploration Grant Funding from the Queensland Government. The grant supports a two-well exploration program, delayed due to a land access dispute, now expected to commence in March 2025. Funding is released in stages as project milestones are achieved, aligning with supplier payments to ensure the program remains fully funded. This development is crucial for State Gas’s strategic expansion and operational efficiency in the southern Bowen Basin, enhancing its market positioning and providing potential benefits for stakeholders.