Quarterly Activities Report
- Lodgement of Prospectus with Australian Securities and Investments Commission (ASIC) on 4 September 2017 for the Company's Initial Public Offering (IPO).
- Completion of IPO raising $5.25 million, admission to the Official List of the Australian Securities Exchange (ASX) on 9 October, and trading commencing on ASX on 10 October.
- Engagement of a drilling and completion co-ordinator during December.
- Field investigations, flow testing and sampling of existing wells at PL 231 completed during December.
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About State Gas Limited
State Gas Limited (ASX:GAS) is a Queensland-based developer of the Reid's Dome gas field (PL 231), which includes both CSG and conventional gas, originally discovered in 1954 during oil drilling prior to the existence of a pipeline network and an east coast gas market. The Reid's Dome field is located in the Bowen Basin in Central Queensland on the apex of the Springsure-Sericold Anticline. State Gas is sole Operator and 80%-owner (transitioning to 100%) of PL 231, which is well-located 30 kilometres southwest of Rolleston, approximately 47 kilometres from the Queensland Gas Pipeline.
State Gas Limited