Energy
State Gas Limited (GAS)
State Gas Limited (ASX: GAS) is an Australian energy company focused on the development of its gas reserves in the Surat Basin, Queensland. Primarily, it explores and aims to produce natural gas for the domestic market. Key projects include the Project Dawn dispute resolution and development plans.
Market Cap
A$9M
Shares on Issue
N/A
Price Chart
AI Analysis
State Gas Limited currently operates in a speculative phase, with a market cap of A$9M, indicating high-risk, high-potential investment. Recent performance is characterized by development milestones in its Queensland projects, with key metrics including small market capitalization and pre-revenue status.
Growth outlook hinges on successful project development, particularly the resolution and progression of Project Dawn. Upcoming catalysts may include drilling updates, development partnership announcements, and initial production timelines. Strategic direction is centered around establishing a viable gas production operation.
Bull Case
- • Successful resolution and commencement of Project Dawn could significantly boost valuation
- • Increasing demand for domestic natural gas in Australia could favor first movers like GAS
- • Potential partnership with a larger energy player for development and distribution
Bear Case
- • High development costs and potential project delays could strain limited financial resources
- • Volatility in natural gas prices might reduce profitability of extracted resources
- • Regulatory or environmental hurdles could impede project progression
Recent Announcements
Change of Director's Interest Notice
Change of Director's Interest Notice
Change of Director's Interest Notice
Change of Director's Interest Notice
Notification regarding unquoted securities - GAS
FAQs
What does GAS do?
State Gas Limited explores, develops, and aims to produce natural gas in the Surat Basin, Queensland, for the Australian domestic market.
Is GAS a good investment?
Given its micro-cap status and pre-revenue phase, GAS is a speculative investment. It offers high growth potential if projects succeed but comes with significant risk of loss.
What drives GAS's share price?
Driven by project development milestones, drilling results, partnership announcements, and broader trends in Australian natural gas demand and prices.
Key Metrics
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