Brisbane-based conventional gas developer State Gas Limited (ASX:GAS) is pleased to provide its inaugural Quarterly Activities Report, for the December Quarter, 2017.

HIGHLIGHTS:

- 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.

To view the full report, please visit:
http://abnnewswire.net/lnk/4JR67721


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. http://www.stategas.com

 

Contact

Greg Baynton
Executive Director
State Gas Limited
M: +61-414-970-566
E: greg@stategas.com

Tony Bellas
Chairman
State Gas Limited
M: +61-412-244-385
E: tony@stategas.com



Link: Quarterly Activities Report



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