State Gas Enters Agreement to Resume Operations at Queensland Project; Shares Rise 9%

MT Newswires Live

2025/06/05

State Gas (ASX:GAS) reached an agreement with the landowner at its Rolleston West Project in Queensland, allowing it to immediately resume operations, according to a Thursday filing with the Australian bourse.

The company will now mobilize teams to drill two new exploration wells and start flow testing by the end of the month, the filing said.

Shares of the company rose roughly 9% in recent Thursday trade.

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