Total
0
Shares
State Gas (ASX:GAS) finds gas-bearing coal at second Rougemont well
Drilling at Rougemont-1 well. Source: State Gas.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Results from State Gas (GAS) Rougemont-2 well testing have given way to a potential coal seam gas play within its Rolleston-West Project in Queensland
  • Testing intersected gas-bearing Bandanna coal measures indicating a strong correlation with measures identified by coal exploration and conventional wells
  • Drill-stem tests for Rougemont-2 are said to show "excellent permeability", with State Gas' Executive Chairman estimating a "high likelihood of a project"
  • Planning for production testing of the Rougemont wells is underway ahead of determining production metrics for both gas and water
  • State Gas shares are up 1.92 per cent and trading at 53 cents at 1:29 pm AEST

Results from State Gas (GAS) Rougemont-2 well testing have given way to a potential coal seam gas play within its Rolleston-West Project in Queensland.

Rougemont-2 intersected gas-bearing Bandanna coal measures which indicate a strong correlation with measures identified by coal exploration holes and historic conventional wells in the area.

Drill-stem tests for Rougemont-2 are said to show "excellent permeability", with eight metres of net coal confirmed.

Additionally, State Gas said initial Rougemont gas analysis indicates near-pipeline quality gas and that field values of gas content of the coals indicate a promising commercial viability.

Planning for production testing of the Rougemont wells is already said to be underway with facilities to be installed "at the earliest opportunity" to determine production metrics for both gas and water.

State Gas Executive Chairman Richard Cottee said the results indicate a high likelihood of a viable project at Rolleston-West.

"The results of the drill stem tests at Rougemont-2 have established the presence of excellent permeability," he said.

"The correlations with other well and coal exploration data across the area, gives me great confidence of an exciting new era for the company."

State Gas shares were up 1.92 per cent and trading at 53 cents at 1:29 pm AEST.

GAS by the numbers
More From The Market Herald
QEM (ASX:QEM) - Managing Director & Founder, Gavin Loyden - The Market Herald

" QEM (ASX:QEM) eyes $2m for Julia Creek

Energy stock QEM (QEM) has received commitments to undertake a $2 million placement.
Bowen Coking Coal (ASX:BCB) - Managing Director, Gerhard Redelinghuys - The Market Herald

" Bowen Coking Coal (ASX:BCB) bolstered by Burton Mine buy

Bowen Coking Coal (BCB) is looking to move from explorer to producer status after inking a deal to add two prospective coal mines
88 Energy (ASX:88E) - Managing Director, David Wall - The Market Herald

" 88 Energy (ASX:88E) finds further upside at Umiat, announces extension

88 Energy (ASX:88E) has provided an update on its Umiat oil field, announcing a two-year extension and the identification of additional upside at
Red Sky Energy (ASX:ROG) trades green after successful rod testing, SA

" Red Sky Energy (ASX:ROG) trades green after successful rod testing, SA

Oil and gas explorer Red Sky Energy (ROG) opened green today after reporting some successful rod testing at its Killanoola Oil Project in