State Gas (ASX:GAS) report Nyanda-8 has spudded

Company News

by Rachael Jones

State Gas (ASX:GAS) reports that the next well in its current Reid’s Dome Gas Project drilling campaign, Nyanda-8, has spudded.

Drilling at Nyanda-8 had reached 248 metres at 7:00AM (AEST), with gas being detected from 151 metres.

State Gas is 100 per cent-owner of the Reid’s Dome Gas Project which is located approximately 50 kilometres from the Queensland Gas Pipeline and interconnected east coast gas network.

Shares in State Gas (ASX:GAS) are trading 6.8 per cent lower at $0.55.