State Gas Limited (STGSF) Rougemont 5 Drilling Confirms Continuity
State Gas Limited (ASX:GAS) (OTCMKTS:STGSF) is pleased to announce the successful drilling, wireline logging and casing of the Rougemont-5 vertical well at its Rolleston West Project (ATP 2062) in Queensland's Southern Bowen Basin. Rougemont-5 is located approximately three kilometres south of the recently drilled Rougemont 6 vertical well, and four kilometres south-east of the existing Rougemont 2/3 dual lateral well system, which was producing gas in late 2024.
HIGHLIGHTS:
- Rougemont-5 well successfully drilled to a total depth of 579 metres as part of the Rolleston West maiden 2P reserve program
- Coal seams intersected from ~419 metres, with 7.8 metres of net coal logged within the Bandanna Formation
- Elevated gas shows recorded during drilling, consistent with Rougemont 6, reinforcing gas potential
- Rougemont-5 and 6 wells on track for completion by mid-May 2025, with flow testing to assess permeability and gas deliverability
The well intersected 7.8 metres of net coal in the Bandanna Formation, between depths of 419 and 520 metres. Elevated gas shows during drilling further support the commercial gas potential of the formation.
All previously encountered coal seams from the Rougemont well series were present, confirming lateral continuity of coal seams in a large area bounded by Rougemont-6 in the north, Rougemont-1 to the south and Rougemont-2/3 to the west. Rougemont-5 and 6 will be completed and flow tested to confirm reservoir permeability.
State Gas Managing Director, Doug McAlpine, said: "Drilling results from Rougemont-5 continue to demonstrate strong coal and gas consistency across the Rolleston West Project area. With drilling now complete, our focus shifts to flow testing both wells, which will provide key data to underpin a maiden 2P reserve. These results strengthen our confidence in the scale and potential of Rolleston West as a new east coast gas supply source."
Doug McAlpine Chief Executive Officer Phone: 0488 007 889 Email: doug@stategas.com
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