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
State Gas Limited (ASX:GAS) Reids Dome Production Testing Update - ABN Newswire (@ABN_Newswire) abnnewswire.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abnnewswire.net Daily Mail and Mail on Sunday newspapers.
State Gas Limited (ASX:GAS) is pleased to provide its weekly 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) Quarterly Activities Report
Quarterly Activities ReportBrisbane, Jan 29, 2021 AEST (ABN Newswire) - The Quarter started with the award to the Company of new ATP 2062 on 1 October 2020 in what must be close to record time, for 1,414 square kilometres of new acreage contiguous to PL231 (see Figure 1 below ). The new block (which we are calling Rolleston-West ) contains the highly prospective Bandanna Coals which have shown good CSG potential to the north at Mahalo and to the south at Acadia, as well as previously identified conventional gas targets. Interestingly, the geology of the block includes two plunging noses, with the coals in the target area at depths within the CSG sweet spot, that is between 300 metres and 650 metres. It is planned to explore and develop Rolleston-West in conjunction with neighbouring Reid s Dome, as a single integrated project.
State Gas Limited (ASX:GAS) is pleased to provide an update on production testing activities underway during the Phase 2 exploration and appraisal program at its 100%-owned Reid s Dome Gas Project (PL 231) in the Bowen Basin in Central Queensland.