State Gas Limited (GAS.AX) Access to Rolleston West Project Assets Restored

Further to the announcement on 4 November 2024, State Gas Limited (ASX:GAS) is pleased to provide an update on the Access Dispute which has arisen between itself and the landowner for the Rolleston West Project ("the Landowner").

Late on 18 November 2024, State Gas and the Landowner entered into a settlement arrangement that allows State Gas to immediately recommence the Company's gas production activities on the Landowner's property. The arrangement also allows State Gas to continue its planned two-well exploration program subject to continued implementation of access protocols for the well sites as prescribed in the Conduct and Compensation Agreement ("CCA"). As part of the settlement arrangement, State Gas has agreed to discontinue legal action against the Landowner, subject to its access rights being preserved while the parties continue to resolve the underlying dispute in accordance with the process set out in the CCA.

The Company is now in the process of mobilising its field teams to recommence its gas compression and exploration activities as soon as possible.

Doug McAlpine
Chief Executive Officer
Phone: 0488 007 889
Email: doug@stategas.com

Richard Cottee
Executive Chairman
Phone: 0458 517 850
Email: richard@stategas.com

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