| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mr. Douglas P. McAlpine ACA, B.Com. CEO | ASX Exchange | Q35077116 CUSIP |
| AU Country | - Employees | - Last Dividend | 6 Aug 2024 Last Split | - IPO Date |
State Gas Limited is a key player in the exploration and development of gas fields in Australia, focusing its efforts on unlocking gas resources to meet the growing energy needs. Incorporated in 2017, this relatively young company has positioned itself within the energy sector, concentrating on the exploration and production of natural gas. Headquartered in Brisbane, Australia, State Gas Limited has quickly made a mark through its commitment to developing viable gas projects. The company's strategic location in Central Queensland, particularly within the prolific Bowen Basin, underscores its potential to contribute significantly to Australia's gas supply chain.
This flagship initiative, underpinned by the production lease 231 permit, marks a significant venture into the exploration and development of new gas wells. Located in the Bowen Basin, the Reid's Dome Gas Project embodies State Gas Limited's mission to enhance Australia's gas availability. By leveraging sophisticated exploration techniques and technologies, the company aims to tap into the vast gas reserves believed to be present, setting the stage for increased energy production and supply stability.
Covering an expansive area of approximately 1,595 square kilometers, the Rolleston-West project represents a strategic exploration endeavour in the Bowen Basin. This project further amplifies State Gas Limited's portfolio of exploration activities, focusing on unearthing new gas reserves that could play a crucial role in augmenting the country's gas resources. Through this project, State Gas aims to identify, appraise, and develop gas fields, contributing significantly to meeting the burgeoning demand for natural gas as an essential component of Australia's energy mix.