Update on State Gas Limited's CNG Facility Construction

State Gas Limited (ASX:$GAS) provides an update on the construction of its compressed natural gas (CNG) facility at the Rolleston West Project. Construction crews have remobilised to site, and the company remains on track for mechanical completion of the CNG Facility and the start of plant commissioning activities in mid-January 2024.

Executive Commentary on Construction Progress

The construction progress of the CNG facility at the Rolleston West Project is on track, with construction crews remobilised to site and experiencing improved productivity due to favorable weather conditions. We are confident in the efficient continuation of construction and commissioning work, even in the event of localized rain. The completion of the CNG Facility pad and the commencement of plant construction by mechanical crews are significant milestones in our progress towards mid-January 2024 commissioning activities.

Summary of CNG Facility Construction Update

State Gas Limited (ASX:GAS) is making significant progress in the construction of its compressed natural gas (CNG) facility at the Rolleston West Project. With construction crews remobilised to site and experiencing improved productivity, the company remains on track for mechanical completion of the CNG Facility and the start of plant commissioning activities in mid-January 2024. The completion of the CNG Facility pad and the commencement of plant construction by mechanical crews are key achievements. State Gas is confident in the efficient continuation of construction and commissioning work, even in the event of localized rain. The company's mission to support east coast energy markets through the efficient identification and development of new high-quality gas assets is being realized through the progress of the CNG facility construction. State Gas intends to accelerate commercialization of its gas assets through the application of an innovative virtual pipeline solution, transporting compressed gas to existing pipeline infrastructure or end users. The company's commitment to expanding its portfolio in areas well located to gas pipeline infrastructure is evident in its ongoing projects and joint ventures. With sustainable commercial gas flow rates established, State Gas is evaluating further drilling campaigns to confirm continuity and permeability of coal seams, seeking to expand the project and move to early-stage production.