State Gas Limited (ASX:GAS) (OTCMKTS:STGSF) is pleased to advise that it has attracted strategic investment from leading energy sector experts and undertaken an associated equity raising to help accelerate production from its east coast gas projects.
State Gas Limited (ASX:GAS) (OTCMKTS:STGSF) is pleased to advise that the first lateral of the Rougemont-3 horizontal well has reached its full target length of approximately 1,300 metres with 97.8% (1,263.3 m) within the target coal seam.
State 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.