STATE GAS LIMITED (GAS)

The suspension of trading in the securities of State Gas Limited will be lifted immediately following the release by GAS of an announcement regarding the outcome of an institutional placement and the institutional component of an accelerated entitlement offer.

The Company has successfully completed the institutional component of its 1 for 2 accelerated non-renounceable entitlement offer of new fully paid ordinary shares at an offer price of $0.05 per New Share, with one 12 month option exercisable at $0.08 attaching for every 2 New Shares issued.

The company releases an updated notice of proposed issue of securities.

The company releases a notice of proposed issue of securities.

The Company releases a prospectus for an offer of up to approximately 137,033,157 New Shares and approximately 68.6 million free attaching New Options via a one (1) for two (2) accelerated non-renounceable entitlement offer of Shares at an issue price of $0.05 per New Share to raise up to approximately $6,851,657 before costs, with one (1) attaching Option for every two (2) New Shares issued.

~$2.0 million placement to sophisticated and institutional investors and a ~$6.9 million 1 for 2 accelerated non-renounceable entitlement offer at $0.05 per share, with attaching 12-month options exercisable at $0.08 on a 1 for 2 New Shares issued basis. Proceeds used to finalise costs associated with the construction and commissioning of the Company's High Density Natural Gas production facilities at Rolleston-West and provide the Company with working capital. Subject to offer take-up, the offer may also allow the Company to: accelerate exploration and appraisal activities; and improve efficiency and production capability of the HDNG plant.

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 the outcome of an institutional placement and the institutional component of an accelerated entitlement offer.

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.

The company releases a notice of proposed issue of securities.

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.

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.

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.

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.

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.

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.

listed entity carried for record purposes only