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State Gas Limited (ASX:GAS)

ALERT: Price-sensitive ASX Announcement for GAS
Current share price for GAS : $0.013 -0.02 (-60.61%)+
Announcement
Release
30 Mar 2026 9:52AM
Price at Release
$0.033
Full Release
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Summary
State Gas Limited, a Queensland-based gas exploration and development company, announced it will not proceed with the potential sale of its High Density Natural Gas Pilot Plant and a related long-term gas supply agreement after failing to finalize terms. The company continues to engage with the Australian Taxation Office regarding its R&D claim related to the pilot plant. Despite these setbacks, State Gas Limited is focused on developing its gas assets in the Bowen Basin, including the Reid’s Dome and Rolleston-West projects, and continues to innovate with its proprietary CSG to CNG plant.
Key Points
  • State Gas Limited decided not to proceed with the proposed asset sale of its HDNG Pilot Plant.
  • The company is working with the ATO to expedite the evaluation of its R&D claim related to the HDNG Pilot Plant.
  • State Gas Limited remains in voluntary suspension of its securities pending further announcements.
  • The company focuses on gas exploration and development in the Bowen Basin, Queensland.
  • State Gas Limited owns significant gas projects including Reid’s Dome and Rolleston-West.
  • The company is developing a CSG to CNG plant which is the first of its kind in Australia.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.