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.
State Gas Limited advises that its Rougemont-3 horizontal well entered the target coal seam overnight and is currently making good progress through the seam towards its intersect point with. | September 26, 2022
State Gas Limited (ASX:GAS) (OTCMKTS:STGSF) is pleased to announce that its Rougemont-3 horizontal well has reached target vertical depth and has confirmed good net coal in line with expectations.