State Gas Limited (ASX:GAS) has been appointed Preferred Tenderer of substantial new acreage in the latest Queensland Government Petroleum Land Release. West of Rolleston in Central Queensland, Block 5 surrounds the northern part of the Company's existing 100% owned PL231.
Oil Gas & Energy
State Gas Limited (ASX:GAS) advises that it has received firm commitments to undertake a private placement to sophisticated investors raising $9.5M. In addition, the Company is undertaking a Share Purchase Plan targeting a further $2 million.
Empire Energy Group Limited (ASX:EEG) (OTCMKTS:EEGUF) is pleased to announce that it will commence drilling the Carpentaria-1 well in Empire's 100% owned Northern Territory permit EP187 today.
The Company is pleased to disclose by way of interim update that, during the past two days since that last report, gas flow rates from Nyanda-4 have continued to increase significantly, with a record flow rate in excess of 310mscf/d achieved.
The ATP 2021 joint venture (Vintage Energy Ltd (ASX:VEN) 50% and operator, Metgasco Ltd 25% and Bridgeport (Cooper Basin) Pty Ltd 25%) advises that a development concept for the Vali Field has been completed and estimates a field life of around 20 years.
Vintage Energy Ltd (ASX:VEN) advises that it has undertaken a share placement to institutional and sophisticated/professional investors ("Placement") at an issue price of $0.06 per share, raising gross proceeds of $3.1 million.
During the year, State Gas Limited (ASX:GAS) successfully embarked on the production testing of Nyanda-4 in the southern portion of the 100% owned PL231, Serocold-1 in the central portion and testing of Aldinga East-1A in the northern reaches.
State Gas Limited (ASX:GAS) advises that gas flow rates at its Nyanda-4 well at the Reid's Dome Gas Project (PL231) have increased exponentially since the Company's last production update on Friday, 11 September.
The Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) team has been intensively focused on the drilling of the Carpentaria-1 well scheduled to spud in September 2020. Civil works to prepare the well pad, an access track to it and water bore drilling are well advanced in preparation for the commencement of drilling.
State Gas Limited (ASX:GAS) is pleased to advise that gas flow rates at its Nyanda-4 and Serocold-1 wells continue to build, with the Nyanda-4 well this morning flowing gas at 128 mscf (or 128,000 standard cubic feet) per day.
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