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.

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State Gas Ltd

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Comment by mikerosoft666on Sep 24, 2009 1:31am

331 Views

Post# 16333965

RE: RE: Interesting read... good and bad news!!

I think the wildcard element is that shut-ins are growing... production will start to diminish exponentially closer we get to storage being full. Apparently gas will go to a bid of 0.00 - Will GAS go there as well ? I dunno.

But when it starts coming back it will be like holding a balloon under water and then letting it go... gas prices will over react... That apparently is an event we can see in next 5 - 8 weeks.

If that doesn't check against your information then just ignore it... but mostly GLTA

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