News: GAS State Gas Announces Production Testing Update

March 17 (Reuters) - State Gas Ltd (GAS) :

• PRODUCTION TESTING UPDATE-GAS.AX
• ROUGEMONT-2 PUMPING PRESENTLY FLOWING GAS AT A RATE OF 7,500 CUBIC FEET / DAY
• EXPECT OPTIMAL DESORPTION WILL BE ACHIEVED ONCE A LARGE AREA OF RESERVOIR HAS BEEN DRAINED AT ROUGEMONT-2
• NYANDA-8 IS PRESENTLY PRODUCING AT 9,000 CUBIC FEET / DAY
• SEROCOLD-1 AT REID'S DOME HAS GIVEN PROMISING INDICATIONS OF STRONG GAS FLOW
• REVIEWING PLANS TO DETERMINE IF IT HAS SUFFICIENT GAS TO UNDERWRITE PIPELINE CONNECTION VIA ROUGEMONT TO CENTRAL QLD GAS TRUNKLINE