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

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Comment by YakYak3on Aug 21, 2009 3:35pm

258 Views

Post# 16239130

RE: RE: Take a Look

As long as the contango (the difference between spot and future ) remains, you have a built-in capital loss by the same amount each and every month.

This will of course change when the fundamentals change.But by that time you could have a much lower price on this ETF.

These days you get hit on two front: the contango and the bear market in NatGas.

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