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Supplying East Coast Australia’s energy needs, sustainably and responsibly

An opportunity to invest in the supply side of the east coast gas market

The Company

State Gas Limited, is a Queensland-based gas exploration and development company with highly prospective gas exploration assets located in the southern Bowen Basin. State Gas Limited’s mission is to support energy markets through the efficient identification and development of new high quality gas assets. It will do this by applying an agile, sustainable but low-cost development approach and opportunistically expanding its portfolio in areas that are well located to gas pipeline infrastructure.

State Gas is 100%-owner of the contiguous Reid’s Dome (PL-231) and Rolleston-West (ATP 2062) gas projects, both of which contain CSG and conventional gas. The Projects, together some 1,595km2, are located south of Rolleston, approximately 50 and 30 kilometres respectively from the Queensland Gas Pipeline and interconnected east coast gas network. The Company intends to accelerate commercialisation of these assets through the application of an innovative virtual pipeline (“VP”) solution which will see the Company transport compressed gas by truck to existing pipeline infrastructure or to an end user.

State Gas also holds a 35% interest in ATP 2068 and ATP 2069 in joint venture with Santos QNT Pty Ltd (65%). These two new areas lie adjacent to or in the near vicinity of State Gas and Santos’ existing interests in the region, providing for the potential of an alignment in ownership interests across the region over time and enabling synergies in operations and development.

State Gas 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. This project is investigating the potential of the unique basalts located in the Buckland Basaltic Sequence (located in EPM 27596) to provide a variety of in-situ and ex-situ carbon capture applications.

State Gas shares trade on the Australian Securities Exchange (stock code: GAS).

CSG is provided to the HDNG Facility by a gathering system connected to the Company’s Rougemont 2/3 dual lateral exploration and appraisal well (“Rougemont 2/3”), located within the Rolleston West Project area (ATP 2062)
Rougemont 2/3 produces high-energy content CSG with minimal impurities (methane >92%) which is dehydrated and compressed at the HDNG Pilot Plant
VP technology sourced through State Gas’ partnership with Mine Energy Solutions, allows delivery of HDNG by truck, in a range of up to 300km from the plant
State Gas has an initial offtake agreement in place to support an ongoing hybrid engine truck trial at a local coal mine in the Southern Bowen Basin (increasing to 300GJ/day, but with opportunity to scale)
State Gas has created substantial IP in the course of engineering, designing and constructing the HDNG Pilot Plant and in conjunction with its partners, is now evaluating how this technology might be more broadly applied (including design and construction of future HDNG plants that meet customer’s specific fuel demand circumstances)
HDNG Pilot Plant cost approximately $8 million (excluding research and development costs, civil works and gas gathering system)
1.5 year pay-back period at full plant operating capacity (1.7TJ/day)
Engineering progressed on next iteration of plant design - reduce fabrication costs and improve portability