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State Gas Ltd T.GAS


Primary Symbol: STGSF

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

Bullboard Posts
Comment by u8fishon Sep 06, 2009 4:38am
371 Views
Post# 16282612

RE: Here is why you should never invest in GAS

RE: Here is why you should never invest in GASAre you sure about that? The ETF is set-up to specifically track the nymex and has done a pretty good job from what i can tell. I checked a couple articles and they all recommend GAS over any other ETF vehicle because it has done a pretty good job. THe betarpro leveraged etf has the problem you guys are talking about and are meant to track the daily price movement and are leveraged so they are short term trading vehicles. This one is not and is backed by actual contracts. I am sure they must adjust for the contract roll because if you look at the chart below it is tracking pretty good. I am not sure investing in gas companies is the way to go as there has been a divergence in XNG (NG Amex Index) from the Nymex. The gas co's are valued a lot higher than the commodity which is speculation that gas must be going up. Also the oil/gas ratio is completely out of whack. Maybe I am missing something...can you explain how GAS is not tracking the Nat Gas index after looking at the comparative charts? You're losing money because NG price has been dropping - don't blame the vehicle.$0Gas vs NGI$0$0
Bullboard Posts