Reid's Dome Technical Update Presentation
Brisbane, Mar 13, 2019 AEST (ABN Newswire) - State Gas Limited (
ASX:GAS) provides the Company's latest presentation on technical update for Reid's Dome Gas Project.
State Gas - PL 231 Highlights
PRODUCTION LEASE & PIPELINE SURVEY LICENCE
- PL-231 is located in central Queensland, granted under the 1923 Act over 181 km2 over Reid's Dome anticline for a 30 year term from 15/12/2005. Pipeline Survey Licence PSL-2028 was granted for a 2 year term from 01/08/2018
OWNERSHIP
- State Gas is Operator with 80% of PL-231 - transitioning to 100%
PROVEN GAS FLOWS
- 17 wells drilled 1954 - 2018. Gas flows from sandstone reservoirs in the Cattle Creek Formation and Reid's Dome Beds
NEW PROVINCE - LARGE CSG PROJECT
Permian Reid's Dome coal measures are extensive throughout the entire PL-231
CONVENTIONAL/ TIGHT GAS
- Cattle Creek Formation; 3-way dip closed structural traps, over-pressured. Primero West-1 discovery in 2018
- Reid's Dome Beds: ~1500m thick section with multiple prospective sandstone reservoirs in anticlinal setting. Also over-pressured.
CSG CONFIRMED IN 2018 DRILLING
- Nyanda-4 (2018) was the first CSG well drilled in Reid's Dome/PL 231
- Nyanda-4 first modern suite of core and logs over Reid's Dome Beds
LOCATION
- PL-231 is well placed for access to infrastructure and has a significant advantage over a number of projects in the Galilee and Bowen Basins
To view the full presentation, please visit:
http://abnnewswire.net/lnk/0OLIA6ZX
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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