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STATE GAS LIMITED (GAS)

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ASX, Legal & CGT Status

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Our website ranking of GAS: rating 1
(1 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Link Market Services Brisbane
Level 21, 10 Eagle Street Brisbane QLD 4000
Tel : +61 7 3320 2200 or 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000GAS2
Address: Suite 4, Level 1, 40 Edward Street, Brisbane QLD 4000
Tel:  0439 310 818

Date first listed: 10/10/2017

Sector: Energy 
Activities: Conventional gas exploration

News & Events

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The suspension of trading in the securities of State Gas Limited will be lifted immediately following the release by GAS of an announcement regarding a capital raising.

08/08/2023

The company releases a notice of proposed issue of securities.

08/08/2023

Strong support from new and existing sophisticated and professional investors has allowed the successful completion of a $5 million placement of new shares. Existing shareholders, at the record date, can participate in a Share Purchase Plan with provision to raise up to a further $3 million. Total funds raised will support advancement of the Rolleston West Project through: o construction and commissioning of the Compressed Natural Gas facility; and o undertaking additional exploration and appraisal drilling. Execution of this strategy will enable the Company to commence selling gas and generating positive operating cashflows in the near term.

08/08/2023

The company is extending the voluntary suspension of trading of State Gas ordinary shares to prior to commencement of trading on Tuesday, 8 August 2023, in order for the placement to be completed in an orderly manner.

07/08/2023

The securities of State Gas Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of GAS, pending the release of an announcement regarding a placement to institutional and sophisticated investors.

03/08/2023

The suspension of trading in the securities of State Gas Limited will be lifted immediately, following the release by GAS of an announcement regarding drilling and logging results of the Nyanda-4 coal seam gas and conventional gas well.

05/12/2018

Drilling, coring, logging and testing of the Nyanda-4 coal seam gas and conventional gas well at PL 231 in Central Queensland has been successfully completed. Nyanda-4 was extended by 200m to 1,200m TD and has been suspended for future re-entry and further testing. Quick-look petrophysics indicates 38m of net coal and 25m of carbonaceous shales and thinner coal seams (i.e. <0.3m) amounting to 60m+ of coals and carbonaceous shales intersected in Nyanda-4. Well correlations indicate the lateral persistence of the Reid's Dome coal-bearing intervals across the entire PL 231 permit area. Gas data obtained during drilling provided good gas shows from approximately 392m, and an overall increase in gas content with depth, with the data indicating that the well was still in gas shows at TD. Drill Stem Tests established permeability and the presence of approximately 100psi over-pressure within the Reid's Dome Beds in Nyanda-4. A 150m cored zone sampled 12 seams of good quality bright coal showing good development of cleats and minor fractures in numerous places. Gas was observed bubbling from the coals and 9 samples were taken for desorption testing. The cored zone also intersected 7 zones where light oil was observed bleeding from fine-grained sandstones with gas hissing from sandstones. PL 231 encompasses Reid's Dome - a classic north-south dome structure extending over 22km with several faults, situated on the crest of the Sericold Anticline in the southwest Bowen Basin.

05/12/2018

The securities of State Gas Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of GAS, pending the release of an announcement regarding drilling and logging results of the Nyanda-4 coal seam gas and conventional gas well.

04/12/2018

listed entity carried for record purposes only

10/10/2017

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    01/10/2020Ian Paton-100,000$0.654$65,362
    04/10/2019Richard Cottee13,000$0.758$9,855

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Richard CotteeExecutive Chairman03/06/2019
    Doug McAlpineCEO30/11/2022
    Lucy SnellingCEO22/02/2018
    James CrowleyCOO24/04/2018
    Suzanne YeatesCFO, Company Secretary10/10/2017
    Jon StretchNon Exec Director12/10/2022
    Greg BayntonNon Exec Director18/08/2017
    Philip St BakerNon Exec Director12/10/2022
    Tony BellasNon Exec Director18/06/2017

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Robert TownerDirector12/02/201702/12/2023
    Ian PatonDirector18/08/201716/11/2022

    Date of first appointment, title may have changed.