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State Gas Limited (ASX:GAS) Success at Second Rougemont Gas Well    Success at Second Rougemont Gas WellBrisbane, June 7, 2021 AEST (ABN Newswire) - State Gas Limited ( ASX:GAS) is pleased to announce that its second Rolleston-West well, Rougemont-2, has intersected gas-bearing Bandanna coal measures very similar to the coals identified during drilling last month at its Rougemont-1 well in Central Queensland. The strong correlation of the results of Rougemont-1 and 2 validate the Company s hypothesis that the extensive Bandanna Formation within the Rolleston-West Gas Project (ATP 2062) hosts significant volumes of gas. The Rougemont-2 well, approximately 2.7km north west of Rougemont-1, was spudded on 29 May and reached total target depth of 540 metres at 8.00am on 5 June 2021. As at the Rougemont-1 well, core samples have been taken from the well, the well geology has been logged, and further testing is currently underway.

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