State Gas Ltd T.GAS

Primary Symbol: STGSF

Energy Oil & Gas E&P

State Gas Limited is an Australia-based gas exploration and development company focused on the Bowen Basin in Central Queensland. The Company 100% owns and operates the contiguous Reid’s Dome Gas (PL-231) and Rolleston-West (ATP 2062) Gas Projects, both of which contain both coal seam gas (CSG) and conventional gas. Reid’s Dome Gas (PL-231) and Rolleston-West (ATP 2062) Gas Projects, together cover approximately 1,595 square kilometers (km2), and are located south of Rolleston, approximately 50 and 30 kms respectively from the Queensland Gas Pipeline and interconnected east coast gas network. It also holds a 35% interest in ATP 2068 and ATP 2069 in a joint venture with Santos QNT Pty Ltd (65%). It 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. It has also developed a CSG to High Density Natural Gas plant (the HDNG Facility) in Australia.

OTCPK:STGSF - Post by User

State Gas Ltd

Bullboard Posts

Post by jewel1on Jul 24, 2009 1:36pm

363 Views

Post# 16164076

How Low Is This Going To Go?

Is this going to retrace its lows again. I would like to get back in but I don't know what would be a good entry point. Any thoughts are appreciated. I missed why N.G. sold off yesterday. Was it because of a larger than expected build in reserves, and if so, why is N.G. up today?

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