For the Canada-focused conventional oil and gas developer Calima Energy (ASX:CE1), the tough industry conditions following last year’s oil price collapse posed a glass-half full opportunity to expand its presence in the country’s tier one, environmentally-friendly hydrocarbon provinces.
Calima chairman Glenn Whiddon says while fossil fuels have taken a back seat to renewables, Canada has led the world by imposing a price on carbon. The industry itself also abides by the strictest ESG (environmental, social and governance) standards.
“If you are going to invest in oil and gas in a cycle where people want to invest in renewables, you can invest in low emission oil and gas assets which are making a difference,” he says.
State Gas Limited (ASX:GAS) Quarterly Activities Report
Quarterly Activities ReportBrisbane, April 30, 2021 AEST (ABN Newswire) - The March 2021 Quarter saw the beginning of a defining half-year for State Gas (
ASX:GAS). In January we commenced production testing the newly drilled Nyanda-7 & Nyanda-8 wells, and re-established production testing at Nyanda-4.
Quarter Highlights:
- Nyanda-4 achieving up to 700,000 standard cubic feet of gas production per day
- Encouraging gas production levels at Nyanda-7 and Nyanda-8
- Commencement of civil works for drilling of Rougemont wells on new Rolleston-West Project (ATP2062)
Logs of the Nyanda-7 provide further positive data for future gas production, with approximately 38.2 metres of net coal confirmed (compared with 30.9 metres at Nyanda-4), with numerous open fractures apparent through the coal seams. Since the commencement of production testing the well has produced nearly twice as much water as did Nyanda-4 during th
State Gas Limited (ASX:GAS) is pleased to provide an update on production testing activities at its 100%-owned Reid s Dome Gas Project (PL 231) in the Bowen Basin in Central Queensland.
State Gas Limited (ASX:GAS) Record CSG Flow Rates at Reids Dome
Record CSG Flow Rates at Reids DomeBrisbane, Mar 16, 2021 AEST (ABN Newswire) - State Gas Limited (
ASX:GAS) refers to recent announcements1 relating to its production testing activities at its 100%-owned Reid s Dome Gas Project (PL 231) in the Bowen Basin in Central Queensland. As previously advised, State Gas is undertaking production testing of three coal seam gas (CSG) wells in the Nyanda area at Reid s Dome in order to appraise that area for early development.
The Nyanda-4 well has provided exceptional results overnight, producing a total of 620,000 cubic feet in the previous 24 hours.
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.