The Company advises that it has commenced workover activities to complete the Serocold-1 well (drilling during December 2019) for production testing. The production test will be commenced following installation of surface facilities, expected to be at the end of next week.
In addition, the Company has taken the Christmas break opportunity to quality control and cross-verify the Nyanda-4 flow rates employing a Critical Flow Prover as well as further investigation of back pressure. We expect to have the results of this process early next week.
The Company will release flow testing results from both the Nyanda-4 and Serocold-1 wells as appropriate.
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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 of PL 231, which is well-located 30 kilometres southwest of Rolleston, approximately 47 kilometres from the Queensland Gas Pipeline.
Chief Executive Officer
Phone: 0439 608 241
Phone: 0458 517 850