** 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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