State Gas Begins Drilling at Queensland Project; Shares Up 3%

MT Newswires Live

2025/04/03

State Gas (ASX:GAS) has begun drilling activities at its Rolleston West project in Queensland, with two new exploration wells underway within ATP 2062, according to a Thursday filing with the Australian bourse.

The Rougemont 5 and Rougemont 6 wells have been spudded and cased to an initial depth of 12 meters, per the filing.

The gas explorer said results will support the establishment of a maiden 2P reserve targeting 30 to 50 petajoules at Rolleston West.

State Gas' shares were up 3% in recent trade.

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