State Gas Limited (ASX:GAS) Company Update Presentation

Brisbane, Oct 25, 2017 AEST (ABN Newswire) - State Gas Limited (ASX:GAS) provides the Company's latest Presentation.

Highlights

ADVANCED PROJECT
Granted Petroleum Lease (PL 231), with Pipeline Survey Licence Application (PSL 2028)

SHALLOW CONVENTIONAL GAS PROJECT
conventional gas in Central Queensland, first discovered in the 1950s

GAS FLOWS
15 historical wells drilled since 1950s

SHALLOW GAS - PRIMARY TARGET
Cattle Creek Formation - 150m to shallow gas target (refer September 2017 Prospectus for historical target)

LARGE SECONDARY TARGET
Reid's Dome Beds - 1,000m+ to large gas target (refer September 2017 Prospectus for historical targets)

INFRASTRUCTURE
50km to Queensland Gas Pipeline - connection to east coast network

OPERATORSHIP
State Gas is Operator with 60% of PL 231 - simplified JV Feb 2017

EXPERIENCED
Strong, active Board - strong technical and commercial experience

To view the full presentation, please visit:
http://abnnewswire.net/lnk/77B481V4


About State Gas Limited

State Gas Limited (ASX:GAS) is a Queensland-based developer of the Reid's Dome Gas Project (PL-231), originally discovered during drilling in 1955, located in the Bowen Basin in Central Queensland. State Gas is Sole Operator and 80% owner of the Reid's Dome Gas Project which is located 30 kilometres southwest of Rolleston, approximately 50 kilometres from the Queensland Gas Pipeline. http://www.stategas.com

 

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State Gas Limited