Appointment of Chief Operating Officer
A significant milestone in building the capacity of the Company, Mr Crowley's appointment will help drive progress in the appraisal and development of the Company's Reid's Dome - Cattle Creek conventional gas project (PL-231) southwest of Rolleston in the Bowen Basin in Central Queensland.
Within this new strategic role at State Gas, Mr Crowley will also facilitate consideration and assessment of new projects, as the Company looks to expand its portfolio.
Currently Gas Operations Manager and Head of Subsurface at energy major AGL Energy Ltd, Mr Crowley holds a Bachelor of Science (Hons) and brings global expertise in petroleum exploration, appraisal, development and production. With a petroleum career spanning 34 years in Australia, Egypt, New Zealand and the North Sea, James has held senior executive roles for Senex Ltd, Origin Energy Ltd, and Apache Corporation as well as AGL.
Mr Crowley has a proven track record adding production and reserves via management of petroleum projects from initial exploration, appraisal, development, through to brown-fields redevelopment. He has particular expertise in conventional oil and gas, which includes project definition, capital planning and resource allocation, as well as joint venture management, government relations and investor liaison.
State Gas Chairman, Tony Bellas, said that the appointment of James Crowley was a very significant development for the Company and will provide in house capability to oversee the Company's Reid's Dome and Cattle Creek Project as well as facilitate building a strong exploration and production portfolio.
"James expertise, together with CEO Lucy Snelling's commercial and leadership acumen and the Board's existing skill set puts State Gas in a strong position to deliver on our plans for the PL-231 project and future opportunities," Mr Bellas said.
The appointment will take effect on expiration of Mr Crowley's notice period for his current employment.
About State Gas Limited
State Gas Limited (ASX:GAS) is a Queensland-based developer of the Reid's Dome gas field (PL 231), which includes both CSG and conventional gas, originally discovered in 1954 during oil drilling prior to the existence of a pipeline network and an east coast gas market. The Reid's Dome field is located in the Bowen Basin in Central Queensland on the apex of the Springsure-Sericold Anticline. State Gas is sole Operator of PL 231, which is well-located 30 kilometres southwest of Rolleston, approximately 47 kilometres from the Queensland Gas Pipeline.
State Gas Limited