Final Gas Content Testing Reids Dome
Brisbane, Nov 4, 2019 AEST (ABN Newswire) - State Gas Limited (
ASX:GAS) refers to its previous announcements of 5 December 2018, 21 January 2019, 13 March 2019 and 29 April 2019 relating to results from the 2018 Nyanda-4 well in the Reid's Dome Gas Project (PL 231).
The Company has received the final Gas Content Testing report on the core samples obtained from the Nyanda-4 well, drilled by the Company in late 2018.
The final average of the measured gas content from the coal desorption testing is 13.75 m3/t from 10 samples. Gas content for the thickest cored seam is 16.94 m3/t. The highest value obtained was 17.16 m3/t and the lowest value was 8.30 m3/t. These data confirm the range expected by the Company.
These figures replace all prior advices from the Company as to content from the Nyanda-4 well, including in presentations dated 8 October 2019 and 22 October 2019.
Nyanda-4 was the first well drilled in the permit to test the gas potential of the Reid's Dome Beds coal measures and has established a new coal seam gas play in the Denison Trough. The well was drilled to a total depth of 1200m, from which 150m of core was obtained, commencing at 394m depth. Wireline logging at total depth confirmed 40.4m of net coal in multiple seams up to 4m thick, and a further 25m of carbonaceous shales and thinner coal seams (i.e. <0.2m), indicating 65m of coals and carbonaceous shales (excluding conventional sandstones).
As previously advised, drilling activities are currently underway approximately 12 kilometres north within PL 231 at Aldinga East-1A, with both coal seam gas and conventional gas encountered during that drilling to date. Further updates will be provided once drilling at Aldinga East-1A reaches total depth and testing is undertaken.
To view figures, please visit:
https://abnnewswire.net/lnk/94JXY38E
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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