State Gas Ltd. (AU:GAS) has released an update.
State Gas Limited has been granted $5.5 million by the Queensland Government to enhance its exploration efforts, which includes drilling two new wells in the Rolleston West coal seam gas project. This funding is set to expedite the company’s declaration of 2P reserves and increase gas production for sale. The initiative will leverage State Gas’ unique compression technology to deliver gas to the domestic market more rapidly, without the need for flaring.
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