** Shares of State Gas fall as much as 16.7% to a record low level of A$0.035
** Gas explorer says a dispute has arisen between co and the owner of land on which its Rolleston West Project
** Adds, landowner blocked co's access to the Rolleston West Project assets
** About 2.2 mln shares change hands by 1229 GMT, 4.8 times the 30-day average volume of shares
** Stock down 75.6% YTD, including session's moves
(Reporting by Sherin Sunny in Bengaluru)
((Sherin.Sunny@thomsonreuters.com))
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