CNG Facility Construction Update
Brisbane, Sep 29, 2023 AEST (ABN Newswire) - State Gas Limited (
ASX:GAS) (STGSF:OTCMKTS) is pleased to provide an update on preconstruction activities for its compressed natural gas ("CNG") facility which will support the processing and initial sale of production testing gas from its Rolleston West Project.
Environmental and cultural heritage clearance has been obtained for all construction areas including pipeline alignments. The pre-commissioned components of the CNG Facility and other associated construction components and materials will be shipped to site in the week beginning 9 October 2023 with civil site works to commence later that week. The total construction timetable remains unchanged at six to eight weeks, followed by an extended period of plant commissioning. The long term forecast over that period suggests favourable weather conditions.
Executive Chairman, Richard Cottee said "State Gas is committed to keeping its shareholders and other stakeholders updated as the Company completes a series of critical milestones on the path to delivering initial gas production from its Rolleston West Project. The Company has made excellent progress over the last month in finalising procurement, completing pre-commissioning work and completing final site surveys. As a result, site works will commence in the week beginning 9 October 2023, with the Company on track for CNG plant commissioning and first gas by late November 2023."
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.
| ||
|
