State Gas Limited Stock Market Press Releases and Company Profile
CNG Facility Construction Update
CNG Facility Construction Update

Brisbane, Dec 12, 2023 AEST (ABN Newswire) - State Gas Limited (googlechartASX:GAS) (googlechartSTGSF:OTCMKTS) provides this update on the construction of its compressed natural gas ("CNG") facility that will support the processing and initial sale of production testing gas from the Company's Rolleston West Project.

Construction crews have remobilised to site and experienced significantly improved productivity because of more favourable weather conditions. The all-weather access road is now complete. Prefabricated foundations are now being set in place on the CNG facility pad, with all major pieces of equipment on site and being progressively installed. With civil works completed, State Gas is confident that construction and commissioning work can continue efficiently, even if the area experiences localised rain.

Trenching and pipework is now complete, with the gathering system connecting the Rougemont 2/3 dual lateral well to the CNG facility inlet point. Surface rehabilitation of the pipeline corridor is in progress.

The Company remains on track for mechanical completion of the CNG Facility and the start of plant commissioning activities in mid-January 2024. The Company intends to commence initial gas sales through its virtual pipeline as part of the commissioning process.

*To view construction photos, please visit:
https://abnnewswire.net/lnk/Z58129K5


About State Gas Limited

State Gas Limited ASX:GASState Gas Limited (ASX:GAS) is a Queensland-based developer of the Reid's Dome gas field, originally discovered during drilling in 1955, located in the Bowen Basin in Central Queensland. State Gas is 100%-owner of the Reid's Dome Gas Project (PL-231) a CSG and conventional gas play, which is well-located 30 kilometres southwest of Rolleston, approximately 50 kilometres from the Queensland Gas Pipeline and interconnected east coast gas network.

Permian coal measures within the Reid's Dome Beds are extensive across the entire permit but the area had not been explored for coal seam gas prior to State Gas' ownership. In late 2018 State Gas drilled the first coal seam gas well in the region (Nyanda-4) into the Reid's Dome Beds and established the potential for a significant coal seam gas project in PL 231. The extension of the coal measures into the northern and central areas of the permit was confirmed in late 2019 by the Company's drilling of Aldinga East-1A (12 km north) and Serocold-1 (6 km to the north of Nyanda-4).

State Gas is also the 100% holder Authority to Prospect 2062 ("Rolleston-West"), a 1,414 km2 permit (eight times larger than PL 231) that is contiguous with the Reid's Dome Gas Project. Rolleston-West contains highly prospective targets for both coal seam gas (CSG) and known conventional gas within the permit area. It is not restricted by domestic gas reservation requirements.

The contiguous areas (Reid's Dome and Rolleston-West), under sole ownership by State Gas, enable integration of activities and a unified super-gasfield development, providing economies of scale, efficient operations, and optionality in marketing.

State Gas is implementing its strategic plan to bring gas to market from Reid's Dome and Rolleston-West to meet near term forecast shortfalls in the east coast domestic gas market. The strategy involves progressing a phased appraisal program in parallel with permitting for an export pipeline and development facilities to facilitate the fastest possible delivery of gas to market. State Gas' current focus has been to confirm the producibility of the gas through production testing of the wells.

 

abnnewswire.com 


Contact

Doug McAlpine
Chief Executive Officer
Phone: 0488 007 889
Email: doug@stategas.com

Richard Cottee
Executive Chairman
Phone: 0458 517 850
Email: richard@stategas.com



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