State Gas (ASX:GAS) Presentation, FNN Investor Event, October 2019, Sydney

Company Presentations

State Gas Limited (ASX:GAS) Executive Chairman, Richard Cottee presents on the company's key Reid’s Dome PL 231 gas project, drill program and timeline to production at FNN's Investor Event.

Key points:

  • 80% interest in and operator of petroleum lease (PL 231) in QLD
  • Gas first discovered there in 1955
  • The primary area of focus for State Gas is the Reid’s Dome Beds
  • First core hole in north spudded on 4 Oct
  • Intersected coal at the shallower end of prognosis (560m)
  • Gaseous matter bubbling from cores
  • Pricing will remain in $8-10/GJ (2018$) with excursions either site

For more, watch Executive Chairman Richard Cottee present.