GAS
State Gas Ltd
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Company News
State Gas receives $5.5m boost from Queensland government for Rolleston West CSG project
State Gas (ASX: GAS) has received a major boost to its development plans for the Rolleston West coal seam gas (CSG) project with the Queensland government awarding the company a $5.5 million exploration grant. Funded through the government’s Frontier Gas Exploration Program, State Gas intends to use the grant to further delineate gas resources and […]
Natural gas prices surge as demand rises in anticipation of northern winter
Natural gas prices are soaring as the northern hemisphere begins to prepare for a very cold winter, all the while focused on a post-COVID-19 recovery, and as economies steer away from coal and aim to use cleaner energy sources. Prices have been steadily rising since May but skyrocketed in the last week to US$5.84 per […]
Triangle Energy works to close deal with Key Petroleum for exploration licence
The sale of onshore Perth Basin exploration licence EP 437 has moved a step closer with Triangle Energy (ASX: TEG) and Key Petroleum (ASX: KEY) agreeing to extend the cut-off date for the deal to 30 September. Due to a number of delays, it has not been possible to complete the transaction and Triangle has […]
Value gap opens as oil price recovers but stocks stay down
“Oil, oil and more oil,” sounds like an investment tip from 100 years ago and not last week, but that’s what Jeff Currie is advising and he’s the commodity guru at the world’s leading investment bank, Goldman Sachs. Currie’s love of oil is hardly surprising, even if it is politically incorrect at a time of […]
State Gas to create ‘super-gas region’ with new acreage at Reid’s Dome project
The Queensland Government has appointed energy company State Gas (ASX: GAS) as the preferred tenderer of a large new permit area contiguous with its wholly-owned PL231 (Reid’s Dome) gas project in central Queensland. Block 5 (also known as PLR2020-1-5 or Rolleston-West) surrounds the northern part of PL231, which State Gas is developing to meet forecast […]
State Gas encounters gas at Reid’s Dome in Queensland
Gas explorer State Gas (ASX: GAS) has encountered “good gas shows” in the second well of a drilling program at its 80% owned and operated Reid’s Dome gas project in central east Queensland. The company today emerged from a voluntary trading suspension to announce the successful completion of drilling, coring, logging and testing of the […]
Triangle Energy joins Key Petroleum in Mt Horner oilfield
Triangle Energy (ASX: TEG) has entered a farmout deal with fellow Australian oil junior Key Petroleum (ASX: KEY) to acquire a 50% stake in the Mt Horner oilfield in Western Australia’s Perth Basin. Following the announcement this week, Triangle managing director Rob Towner told Small Caps the company had been reviewing a number of mature […]
Investors snap up ASX-debutant State Gas as shortage looms
State Gas (ASX: GAS) made a timely debut on the ASX this week, which sent investors flocking to the stock, triggering its $0.20 offer price to sky rocket and the company to finish its second day of trade at $0.38. As Australia’s domestic gas supply is predicted to reach crisis point in coming months, emerging […]
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