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State Gas Secures 30.2 PJ Reserve, Raises $3.2M to Drive Rolleston West Forward

3:42pm on Friday 30th of January, 2026 AEDT Energy
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State Gas Secures 30.2 PJ Reserve, Raises $3.2M to Drive Rolleston West Forward

3:42pm on Friday 30th of January, 2026 AEDT
Key Points
  • Maiden 2P gas reserve of 30.2 PJ certified for Rolleston West
  • Reserve supports a 10TJ/day pipeline-connected gas project with expansion potential
  • Raised $3.2 million via unsecured convertible notes at a 33% premium
  • Advancing engineering studies, regulatory approvals, and commercial negotiations
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