- State Gas (GAS) further progresses its activities at the Reid Dome and Rolleston-West Gas Projects in Central Queensland
- The company is currently undertaking works at the projects to progress them towards delivering new gas to meet the forecast shortfalls in the east coast Australian market
- At Reid Dome, State Gas recently completed production enhancement works at Nyanda-8 well and production test of the re-completed well commenced this week
- While over at Rolleston-West, the company is carrying out the first production test in the area at the Rougemont-2 well
- On the market today, State Gas is trading 1.82 per cent higher at 28 cents per share
State Gas (GAS) has further progressed its activities at the Reid Dome and Rolleston-West gas projects in Central Queensland.
The company is currently undertaking works at the projects to progress them towards delivering new gas to meet the forecast shortfalls in the east coast Australian market.
At Reid Dome, State Gas recently completed production enhancement works at the Nyanda-8 well and a production test of the re-completed well commenced this week.
Nearby is the Serocold-1 well, where product enhancement works are well-advanced and, subject to weather conditions, a product test of this well is expected to commence early next week.
State Gas is aiming to get these two wells to the same level as the successful Nyanda-4 well.
While over at Rolleston-West, the company is carrying out the first production test in the area at the Rougemont-2 well.
Chairman Richard Cottee was looking forward to see the results of the new production tests.
“Every new domain – as Reid’s Dome is – requires its ‘code to be cracked’, with the best
production method the result of ‘tweaking the levers’,” he said.
“We know Reid’s Dome contains a lot of gas, we just need to optimise its release from the plethora of coal seams. If these new tests produce the way I am expecting we will be on our way to getting our gas to market.”
State Gas will continue to provide updates to the market on its activities as it progresses.
On the market today, State Gas was 1.82 per cent in the green to trade at 28 cents per share at 3:11 pm AEDT.