BUZZ-Australia's State Gas advances on commercial gas potential at Queensland project

Reuters

2025/04/22

** Shares of State Gas GAS.AX rise 23.1% to A$0.032, their highest level since April 1

** Stock set for its strongest session since February 15, 2023 - if current trend holds

** Gas exploration co intersects 7.8 meters of net coal, confirming lateral continuity and commercial gas potential at the Rougemont-5 well at its Queensland project

** About 198,640 shares traded in stock's busiest session since April 9

** Stock down ~18% YTD, including current session's moves

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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