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State Gas Limited (ASX:GAS)

ALERT: Price-sensitive ASX Announcement for GAS
Current share price for GAS : $0.010 -0.006 (-36.67%)+
Announcement
Release
31 Jul 2026 11:57AM
Price at Release
$0.015
Full Release
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Summary
State Gas Limited's quarterly report for the period ending June 30, 2026, highlights several key financial and operational updates. The company received a $4.1 million R&D tax incentive refund, which improved its financial position significantly. Cash reserves at the end of the quarter were $636,000, with net cash used in operating, investing, and financing activities detailed. The report notes ongoing efforts in developing the Rolleston West Project, with significant reductions in capital cost estimates and operational strategies being developed. The company is also engaging with potential farm-in partners and responding to the proposed Domestic Gas Reservation Scheme. Financial management continues to focus on conserving capital and strategically planning future expenditures based on available resources.
Key Points
  • Received $4.1 million R&D tax incentive refund
  • Cash reserves at end of quarter: $636,000
  • Rolleston West Project development advancements
  • Farm-in partner engagement ongoing
  • Response to Domestic Gas Reservation Scheme
  • Focus on conserving capital and strategic planning
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.