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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
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(23)
•••
Comment by KR1527on Mar 11, 2011 2:14pm
447 Views
Post# 18272311

RE: ????

RE: ????I am surprised that they can be profitable at current levels. Can't go much lower until they start selling it for free. Maybe these guys don't care to make money cause they are all hedged!!!!!
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities