Appointment of Chief Operating Officer
Brisbane, April 24, 2018 AEST (ABN Newswire) - Brisbane-based conventional gas developer State Gas Limited (
ASX:GAS) is pleased to advise it has appointed Mr James Crowley as Chief Operating Officer.
A significant milestone in building the capacity of the Company, Mr Crowley's appointment will help drive progress in the appraisal and development of the Company's Reid's Dome - Cattle Creek conventional gas project (PL-231) southwest of Rolleston in the Bowen Basin in Central Queensland.
Within this new strategic role at State Gas, Mr Crowley will also facilitate consideration and assessment of new projects, as the Company looks to expand its portfolio.
Currently Gas Operations Manager and Head of Subsurface at energy major AGL Energy Ltd, Mr Crowley holds a Bachelor of Science (Hons) and brings global expertise in petroleum exploration, appraisal, development and production. With a petroleum career spanning 34 years in Australia, Egypt, New Zealand and the North Sea, James has held senior executive roles for Senex Ltd, Origin Energy Ltd, and Apache Corporation as well as AGL.
Mr Crowley has a proven track record adding production and reserves via management of petroleum projects from initial exploration, appraisal, development, through to brown-fields redevelopment. He has particular expertise in conventional oil and gas, which includes project definition, capital planning and resource allocation, as well as joint venture management, government relations and investor liaison.
State Gas Chairman, Tony Bellas, said that the appointment of James Crowley was a very significant development for the Company and will provide in house capability to oversee the Company's Reid's Dome and Cattle Creek Project as well as facilitate building a strong exploration and production portfolio.
"James expertise, together with CEO Lucy Snelling's commercial and leadership acumen and the Board's existing skill set puts State Gas in a strong position to deliver on our plans for the PL-231 project and future opportunities," Mr Bellas said.
The appointment will take effect on expiration of Mr Crowley's notice period for his current employment.
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.
| ||
|
