Brisbane-based conventional gas developer State Gas Limited (ASX:GAS) is pleased to advise it has appointed Mr James Crowley as Chief Operating Officer.

A significant milestone in building the capacity of the Company, Mr Crowley's appointment will help drive progress in the appraisal and development of the Company's Reid's Dome - Cattle Creek conventional gas project (PL-231) southwest of Rolleston in the Bowen Basin in Central Queensland.

Within this new strategic role at State Gas, Mr Crowley will also facilitate consideration and assessment of new projects, as the Company looks to expand its portfolio.

Currently Gas Operations Manager and Head of Subsurface at energy major AGL Energy Ltd, Mr Crowley holds a Bachelor of Science (Hons) and brings global expertise in petroleum exploration, appraisal, development and production. With a petroleum career spanning 34 years in Australia, Egypt, New Zealand and the North Sea, James has held senior executive roles for Senex Ltd, Origin Energy Ltd, and Apache Corporation as well as AGL.

Mr Crowley has a proven track record adding production and reserves via management of petroleum projects from initial exploration, appraisal, development, through to brown-fields redevelopment. He has particular expertise in conventional oil and gas, which includes project definition, capital planning and resource allocation, as well as joint venture management, government relations and investor liaison.

State Gas Chairman, Tony Bellas, said that the appointment of James Crowley was a very significant development for the Company and will provide in house capability to oversee the Company's Reid's Dome and Cattle Creek Project as well as facilitate building a strong exploration and production portfolio.

"James expertise, together with CEO Lucy Snelling's commercial and leadership acumen and the Board's existing skill set puts State Gas in a strong position to deliver on our plans for the PL-231 project and future opportunities," Mr Bellas said.

The appointment will take effect on expiration of Mr Crowley's notice period for his current employment.


About State Gas Limited

State Gas Limited (ASX:GAS) is a Queensland-based developer of the Reid's Dome gas field, originally discovered during drilling in 1955, located in the Bowen Basin in Central Queensland. State Gas is 100%-owner of the Reid's Dome Gas Project (PL-231) a CSG and conventional gas play, which is well-located 30 kilometres southwest of Rolleston, approximately 50 kilometres from the Queensland Gas Pipeline and interconnected east coast gas network.

Permian coal measures within the Reid's Dome Beds are extensive across the entire permit but the area had not been explored for coal seam gas prior to State Gas' ownership. In late 2018 State Gas drilled the first coal seam gas well in the region (Nyanda-4) into the Reid's Dome Beds and established the potential for a significant coal seam gas project in PL 231. The extension of the coal measures into the northern and central areas of the permit was confirmed in late 2019 by the Company's drilling of Aldinga East-1A (12 km north) and Serocold-1 (6 km to the north of Nyanda-4).

State Gas is also the 100% holder Authority to Prospect 2062 ("Rolleston-West"), a 1,414 km2 permit (eight times larger than PL 231) that is contiguous with the Reid's Dome Gas Project. Rolleston-West contains highly prospective targets for both coal seam gas (CSG) and known conventional gas within the permit area. It is not restricted by domestic gas reservation requirements.

The contiguous areas (Reid's Dome and Rolleston-West), under sole ownership by State Gas, enable integration of activities and a unified super-gasfield development, providing economies of scale, efficient operations, and optionality in marketing.

State Gas is implementing its strategic plan to bring gas to market from Reid's Dome and Rolleston-West to meet near term forecast shortfalls in the east coast domestic gas market. The strategy involves progressing a phased appraisal prog

 

Contact

Lucy Snelling
Chief Executive Officer
M: +61-439-608-241
E: lucy@stategas.com

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



Link: Appointment of Chief Operating Officer


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