New Record Gas Flow at Reids Dome Project
Brisbane, Sep 18, 2020 AEST (ABN Newswire) - State Gas Limited (
ASX:GAS) disclosed in its weekly production update on 16 September 2020 an exponential increase in gas flow rates in production testing at its Nyanda-4 CSG well at Reid's Dome Gas Project (PL231). The Company announced on that day that gas flow rates had reached in excess of 240mscf/d after eight weeks of dewatering.
The Company is pleased to disclose by way of interim update that, during the past two days since that last report, gas flow rates from Nyanda-4 have continued to increase significantly, with a record flow rate in excess of 310mscf/d achieved.
The record gas production at Nyanda-4 follows the recent installation of customised pumping equipment designed and built in Canada to suit the local conditions at Reid's Dome. The high-yielding pumping solution adopted by State Gas will be highly valuable in optimising future gas production from wells within its 100%-owned Reid's Dome Gas Project.
About State Gas Limited
State Gas Limited (ASX:GAS) (OTCMKTS:STGSF) is a Queensland-based gas exploration and development company with highly prospective gas exploration assets located in the southern Bowen Basin. State Gas Limited's mission is to support east coast energy markets through the efficient identification and development of new high quality gas assets.
It will do this by applying an agile, sustainable but low-cost development approach and opportunistically expanding its portfolio in areas that are well located to gas pipeline infrastructure.
State Gas is 100%-owner of the contiguous Reid's Dome (PL-231) and Rolleston-West (ATP 2062) gas projects, both of which contain CSG and conventional gas. The Projects, together some 1,595km2 , are located south of Rolleston, approximately 50 and 30 kilometres respectively from the Queensland Gas Pipeline and interconnected east coast gas network. State Gas intends to accelerate commercialisation of these assets through the application of an innovative virtual pipeline ("VP") solution which will see the Company transport compressed gas by truck to existing pipeline infrastructure or to an end user.
State Gas also holds a 35% interest in ATP 2068 and ATP 2069 in joint venture with Santos QNT Pty Ltd (65%). These two new areas lie adjacent to or in the near vicinity of State Gas and Santos' existing interests in the region, providing for the potential of an alignment in ownership interests across the region over time and enabling synergies in operations and development.
State Gas is also participating in a carbon capture and sequestration initiative with minerals explorer Rockminsolutions Pty Ltd in respect of EPM 27596 which is located on the western border of ATP 2062. This project is investigating the potential of the unique basalts located in the Buckland Basaltic Sequence (located in EPM 27596) to provide a variety of in-situ and ex-situ carbon capture applications.
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