GAS.AX - State Gas Limited

ASX - ASX Delayed price. Currency in AUD
0.4500
0.0000 (0.00%)
At close: 10:04AM AEST
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Previous close0.4500
Open0.4500
Bid0.3850 x 0
Ask0.4150 x 0
Day's range0.4500 - 0.4500
52-week range0.3300 - 0.8225
Volume4,000
Avg. volume22,432
Market cap65.861M
Beta (5Y monthly)0.08
PE ratio (TTM)N/A
EPS (TTM)-0.0190
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • ABN Newswire

    State Gas Limited (ASX:GAS) Restart of Production Testing with Streamlined Management

    Brisbane, Australia, June 2, 2020 - (ABN Newswire) - As has been previously announced State Gas Limited (ASX:GAS.AX - News) has been pleased and excited by the results of its appraisal program conducted late-2019/early-2020 at the Reid's Dome Gas Project (PL-231) in the Bowen Basin. In particular, the Aldinga East-1A core hole (in the northern area of PL 231) has produced results at the better end of the Company's prognosis, Serocold-1 confirmed the presence of coal seams with promising permeability in the central area of the permit, and the production test at Nyanda-4 flowed gas at rates well above expectations for a single well. While providing very promising early results, the production tests at Nyanda-4 and Serocold-1 have also faced challenges with failing pumps.

  • ABN Newswire

    State Gas Limited (ASX:GAS) Quarterly Activities Report

    Brisbane, Australia, April 30, 2020 - (ABN Newswire) - State Gas Limited (ASX:GAS.AX - News) is owner and operator of the Reid's Dome Gas Project (PL 231) in central eastern Queensland, approximately 545 km northwest of Brisbane and 50 km southwest of Rolleston, in the Bowen Basin Central Queensland. The permit hosts both conventional and unconventional gas and is approximately 45 km from the high pressure gas pipeline network in Queensland. In August 2018 Pipeline Survey Licence 2028 was issued to the Company, enabling investigations to commence for a pipeline route to market.

  • ABN Newswire

    State Gas Limited (ASX:GAS) Letter to Shareholders

    Brisbane, Australia, April 16, 2020 - (ABN Newswire) - We are living in unprecedented times, and I am writing to you to provide an update on our Company's position within this dynamic environment. As you are aware, your Company has embarked on a project aimed at placing State Gas Limited (ASX:GAS.AX - News) in a position to produce Sales Gas by the end of calendar year 2021. To this end State Gas Limited ("State Gas" or "the Company") successfully drilled Aldinga East-1A, placed Nyanda-4 on production test (with very encouraging results so far), and commenced the process of production testing Serocold-1.

  • ABN Newswire

    State Gas Limited (ASX:GAS) Recommencement of Field Activities at Reids Dome

    Brisbane, Australia, April 1, 2020 - (ABN Newswire) - State Gas Limited (ASX:GAS.AX - News) is pleased to advise that field activities are recommencing following the lengthy wet season and flooding in the region, aimed at progressing development of the Reid's Dome Gas Project (PL 231) to bring gas to market as quickly as possible. Following the receipt of very encouraging flow rates from the Nyanda-4 well and early evidence of coal seam gas from Serocold-1 at the Reid's Dome gasfield, the current phase of the Project has been focused on production testing of the Nyanda-4 and Serocold-1 wells. The production data is providing important data on the gas productivity of the Reid's Dome Beds and focusing plans for additional drilling and testing required for reserve certification over a large area of PL 231.

  • ABN Newswire

    State Gas Limited (ASX:GAS) Operational Update Reids Dome Gas Project

    Brisbane, Australia, Feb 12, 2020 - (ABN Newswire) - State Gas Limited (ASX:GAS) refers to previous announcements in relation to recent activities at the Reid's Dome Gas Project (PL 231), including on ...

  • ABN Newswire

    State Gas Limited (ASX:GAS) Update Production Testing and Reserve Certification

    The Company is pleased to provide an update on the results of the production testing following almost six weeks of operation. This production testing at Nyanda-4 is the first production test of the Reid's Dome Beds within (and in the region of) PL 231. As advised, dewatering commenced on 4 December 2019, and sustained gas flows commenced soon after on 9 December, only 5 days after the commencement of dewatering.

  • ABN Newswire

    State Gas Limited (ASX:GAS) Operational Update Reids Dome Project

    Brisbane, Australia, Jan 8, 2020 - (ABN Newswire) - State Gas Limited (ASX:GAS) refers to its announcements on 16 and 30 December 2019 in relation to recent activities at the Reid's Dome Gas Project (PL ...

  • ABN Newswire

    State Gas Limited (ASX:GAS) Reid's Dome Production Testing Update

    Brisbane, Australia, Dec 30, 2019 - (ABN Newswire) - State Gas Limited (ASX:GAS) is pleased to provide an update on the early results of production testing at its 100%-owned Reid's Dome Gas Project (PL ...

  • ABN Newswire

    State Gas Limited (ASX:GAS) Completes Further Placement

    Brisbane, Australia, Dec 19, 2019 - (ABN Newswire) - State Gas Limited (ASX:GAS) ("State Gas" or "the Company") is pleased to announce that further to the placement announced on 11 ...

  • ABN Newswire

    State Gas Limited (ASX:GAS) Successfully Completes Placement

    Brisbane, Australia, Dec 11, 2019 - (ABN Newswire) - State Gas Limited (ASX:GAS) is pleased to announce the successful completion of its share placement to institutional, sophisticated and professional ...

  • ABN Newswire

    State Gas Limited (ASX:GAS) State of Play - Reid's Dome Gas Project

    Brisbane, Australia, Dec 10, 2019 - (ABN Newswire) - State Gas Limited (ASX:GAS) provide the latest company presentation regarding the "State of Play" of the Reid's Dome Gas Project. This Presentation ...

  • ABN Newswire

    State Gas Limited (ASX:GAS) Operational Update - Reid's Dome Project

    Brisbane, Australia, Dec 9, 2019 - (ABN Newswire) - State Gas Limited (ASX:GAS) is pleased to provide a further update on field activities at its Reid's Dome Gas Project (PL 231). Highlights: - Serocold-1 ...

  • ABN Newswire

    State Gas Limited (ASX:GAS) APPEAL STRUCK OUT - 100% OWNERSHIP OF PL 231 IS CONFIRMED

    Brisbane, Australia, Nov 27, 2019 - (ABN Newswire) - Brisbane-based gas developer State Gas Limited (ASX:GAS) ("State Gas" or "the Company") is pleased to advise that the Court of Appeal ...

  • ABN Newswire

    State Gas Limited (ASX:GAS) Operational Update - Workover completed at Nyanda-4

    - TDC Rig 4 mobilising to Aldinga East-1A well to enable drill stem testing of the newly discovered conventional gas in the Cattle Creek Formation, as well as gas sands and coal seams in the Reid's Dome Beds. As advised on 13 November 2019, TDC Drilling Pty Ltd's Rig 4 has been undertaking workover activities at State Gas' Nyanda-4 well on PL 231. The Nyanda-4 well was drilled by State Gas in late 2018 as the first well investigating the gas potential of the coals in the Reid's Dome Beds in the region of PL 231.

  • ABN Newswire

    State Gas Limited (ASX:GAS) Chairman's Address to the AGM

    Brisbane, Australia, Nov 13, 2019 - (ABN Newswire) - This year has been a pivotal year for State Gas Ltd (ASX:GAS.AX - News). In that decade the Ballera to Moomba interconnection had been built (expanding the market for Queensland gas), the LNG trains had been built (resulting in international parity pricing for gas) and coal seam gas (CSG) had become a proven and extremely economic gas resource in this State. The Reid's Dome Project no longer suffered the "tyranny of distance" with less than 50km distance to the nearest pipeline.

  • ABN Newswire

    State Gas Limited (ASX:GAS) Operational Update Initial Results Aldinga East-1A

    Brisbane, Australia, Nov 13, 2019 - (ABN Newswire) - State Gas Limited (ASX:GAS.AX - News) ("State Gas" or "the Company") refers to its previous announcements1 relating to the Aldinga East-1A well in the Reid's Dome Gas Project (PL 231). Gas was observed bubbling from the coals in core samples. - A conventional gas pool has been discovered in approximately 9m of gas sands in the Cattle Creek Formation, confirmed via logging and permeability testing.

  • ABN Newswire

    State Gas Limited (ASX:GAS) Operational Update - Reids Dome Progress

    Brisbane, Australia, Nov 7, 2019 - (ABN Newswire) - State Gas Limited (ASX:GAS) ("State Gas" or "the Company") refers to its previous announcements1 relating to the spudding, commencement ...

  • ABN Newswire

    State Gas Limited (ASX:GAS) Final Gas Content Testing Reids Dome

    Brisbane, Australia, Nov 4, 2019 - (ABN Newswire) - State Gas Limited (ASX:GAS) refers to its previous announcements of 5 December 2018, 21 January 2019, 13 March 2019 and 29 April 2019 relating to results ...

  • ABN Newswire

    State Gas Limited (ASX:GAS) Coring Commences at Aldinga East-1A Reid's Dome

    Sydney, Australia, Oct 18, 2019 - (ABN Newswire) - State Gas Limited (ASX:GAS.AX - News) ("State Gas" or "the Company") is pleased to advise that coring commenced this morning at the Reid's Dome Gas Project (PL 231) at the first well in its 2019 drilling program, Aldinga East-1A. Gas has been observed bubbling from drill muds at Aldinga East-1A, as was similarly encountered in drilling and coring activities approximately 12 kilometres to the south within PL 231 on Nyanda Station. The drilling activities at Aldinga East-1A encountered the top of the coals in the Reid's Dome Beds at 560m, which pleasingly, is at the shallowest of the Company's prognosed range of 560m-600m.

  • ABN Newswire

    State Gas Limited (ASX:GAS) Aldinga East-1A Spudded

    Brisbane, Australia, Oct 4, 2019 - (ABN Newswire) - State Gas Limited (ASX:GAS.AX - News) ("State Gas" or "the Company") is pleased to advise that the first well in its 2019 drilling program, Aldinga East-1A, was spudded at 10.15am this morning, 4 October 2019. The well will investigate the gas potential of the Reid's Dome Beds coal measures in the northern area of the PL 231, following confirmation of gas presence in the coals at Nyanda-4 (drilled by the Company in 2018) approximately 12km to the south of Aldinga East 1A, and the encouraging results of seismic processing and interpretation announced on 9 September this year. Core samples will be obtained from the new well to confirm gas content and wireline logging will be used to determine net pay.

  • ABN Newswire

    State Gas Limited (ASX:GAS) Annual Report to Shareholders

    Brisbane, Australia, Sep 24, 2019 - (ABN Newswire) - The domestic gas market remains very tight and the extent to which it tightens is primarily driven by the rate of decline of Bass Strait production. ...

  • ABN Newswire

    State Gas Limited (ASX:GAS) Update on Supreme Court Proceedings

    Brisbane, Australia, Sep 24, 2019 - (ABN Newswire) - Brisbane-based gas developer State Gas Limited (ASX:GAS) refers to its announcement on 16 September 2019 regarding the outcome of proceedings in the ...

  • ABN Newswire

    State Gas Limited (ASX:GAS) Court Orders Dome to Transfer Final 20% of Reid's Dome Project PL 231 to State Gas

    Brisbane, Australia, Sep 16, 2019 - (ABN Newswire) - Brisbane-based gas developer State Gas Limited (ASX:GAS) is pleased to advise on the outcome of proceedings in the Supreme Court of Queensland in respect ...

  • ABN Newswire

    State Gas Limited (ASX:GAS) Operational Update - PL 231 Reid's Dome Gas Project

    Brisbane, Australia, Sep 9, 2019 - (ABN Newswire) - State Gas Limited (ASX:GAS.AX - News) ("State Gas" or "the Company") refers to its announcement on 21 August 2019 outlining its strategy to bring gas to market from PL 231 to meet shortfalls in the east coast domestic gas market forecast for 2021. The Company is pleased to announce progress towards that strategy, with a number of factors coalescing in recent weeks to accelerate the Reid's Dome Gas Project. State Gas has recently completed processing of the historic WOWCO seismic survey data referred to in its 21 August update.

  • ABN Newswire

    State Gas Limited (ASX:GAS) Target 2021 - Drilling and Testing Planned for Reids Dome

    Brisbane, Australia, Aug 21, 2019 - (ABN Newswire) - Brisbane-based gas developer State Gas Limited (ASX:GAS.AX - News) is pleased to provide an update on its short-term plans for the Reid's Dome Gas Project (PL 231), located South West of Rolleston in the Bowen Basin in Central Queensland. State Gas Limited (State Gas or the Company) holds a majority interest in, and is operator of, the Reid's Dome Gas Project (PL 231) in Central Eastern Queensland, approximately 545 km northwest of Brisbane and 50 km southwest of Rolleston, in the Bowen Basin Central Queensland.