State Gas Limited (ASX:GAS) Quarterly Activities Report
The December 2022 Quarter (Quarter) and the subsequent month of January 2023 have been eventful for both the energy sector and State Gas Limited (ASX:GAS) (OTCMKTS:STGSF).
The December 2022 Quarter (Quarter) and the subsequent month of January 2023 have been eventful for both the energy sector and State Gas Limited (ASX:GAS) (OTCMKTS:STGSF).
During the quarter, Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNRF) and Daly Waters Energy LP (DWE) completed the $60 million acquisition of Beetaloo Basin assets EP 76, 98 and 117. The acquisition positions Tamboran as the largest operator and acreage holder in the Basin, with ~1.9 million net prospective acres.
Vintage Energy Ltd (ASX:VEN), 50% interest holder and Operator of the ATP 2021 and PRL 211 Joint Ventures (other interest holders: Metgasco Ltd, 25%; and Bridgeport (Cooper Basin) Pty Ltd, 25%,) provides the following update on the Vali gas project.
Empire Energy Group Ltd (ASX:EEG) (OTCMKTS:EEGUF) report that the Carpentaria-3H (C-3H) has been successfully stimulated, significantly below budget, delivering all 40 planned stages across 1,989 metres (6,526 feet) of horizontal well bore.
The Directors of K2 Energy Limited (NSX:KTE) provide the following report for the quarter ended 31st December 2022.
Tamboran Resources Limited (ASX:TBN) (OTCMKTS:TBNRF) report that the Amungee 2H (A2H) in EP 98 was successfully drilled to a total depth (TD) of 3,883 metres, including a 1,275-metre horizontal section, which was placed in the most prospective zone within the Mid-Velkerri "B Shale" formation.
Subsequent to BPH Energy Limited's (ASX:BPH) ASX announcement of 14 December 2022 the Company wishes to advise that OMV New Zealand Limited has returned US$1.621 million to BPH's 36.1% associate Advent Energy Limited's 100% subsidiary Aotearoa Offshore Limited in accordance with the termination of the Farm Out Agreement executed on 24th December 2021.