QEC Investment Showcase Presentation
Brisbane, Nov 10, 2017 AEST (ABN Newswire) - State Gas Limited (
ASX:GAS) provides the Company's latest Presentation at Queensland Exploration Council - Investment Showcase.
GAS: Highlights
ADVANCED PROJECT: Granted Petroleum Lease (PL 231), with Pipeline Survey Licence Application (PSL 2028)
SHALLOW CONVENTIONAL GAS PROJECT: conventional gas in Central Queensland, first discovered in the 1950s
GAS FLOWS: 15 historical wells drilled since 1950s
SHALLOW GAS - PRIMARY TARGET: Cattle Creek Formation - 150m to shallow overpressued gas target (refer September 2017 Prospectus for historical target)
LARGE SECONDARY TARGET: Reid's Dome Beds - 1,000m+ to large gas target (refer September 2017 Prospectus for historical targets)
PIPELINE - EAST COAST NETWORK: 45km NE to Rolleston / Queensland Gas Pipeline, 50km SW to Queensland Gas Pipeline
OPERATORSHIP: State Gas is Operator with 60% of PL 231 - simplified JV Feb 2017
EXPERIENCED: Strong, active Board - strong technical and commercial experience
To view the full presentation, please visit:
http://abnnewswire.net/lnk/O5R99J19
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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