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State Gas Drills Strong Coal Seams, Eyes Maiden 2P Reserve at Rolleston West
4:21am on Monday 2nd of June, 2025 AEST
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Energy
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State Gas Drills Strong Coal Seams, Eyes Maiden 2P Reserve at Rolleston West
4:21am on Monday 2nd of June, 2025 AEST
Key Points
Successful drilling and logging of Rougemont 5 and 6 wells with ~8m net coal intersected
Completion and production testing of wells expected by mid-2025 to support maiden 2P reserve
Expansion of HDNG supply trial from two to six mine trucks, increasing potential revenue
Improved liquidity from R&D grants and ongoing management of loan facilities
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