State Gas Limited (ASX:GAS) Half Year Accounts
Half Year AccountsBrisbane, Mar 11, 2021 AEST (ABN Newswire) - It has been a transformatory period for State Gas (
ASX:GAS) since the beginning of this financial year. The true potential of PL231, in which your board had strong faith, is beginning to be revealed. Despite the best efforts of the COVID-19 pandemic and a La Nina induced wet season, the progress has been remarkable, particularly with the addition of ATP 2062 ( Rolleston West ) which was awarded to State Gas by the Queensland Government in September 2020. This new acreage is contiguous with PL231 and adds substantially to the critical mass and upside potential of State Gas CSG acreage.
State Gas Limited (ASX:GAS) Chairmans Letter to Shareholders
Chairmans Letter to ShareholdersBrisbane, Mar 10, 2021 AEST (ABN Newswire) - With the successful drilling of the Nyanda area at Reid s Dome (PL 231) completed late last year, production testing during 2021 has already begun to deliver results for State Gas.
As our production test results to date have outperformed my expectations, I have taken this opportunity to write to shareholders to convey my increasing confidence based on this recent progress.
The true potential of Reid s Dome, in which your board had strong faith, is now beginning to be revealed. Despite the best efforts of the COVID-19 pandemic and a La Nina induced wet season, the Company s progress over recent months has been remarkable, particularly with the addition of ATP 2062 ( Rolleston West ) which was awarded to State Gas by the Queensland Government in only September 2020. The new acreage is contiguous with Reid s Dome/PL231 and adds substanti