News: GAS State Gas Says Initial CNG Supply Contract Signed With Thiess, page-2

and the market appears less than enthused!?

Yet there appears to be some positives?:

The CNG technology developed by State Gas provides
it with significant first mover advantage to support increased demand for natural gas to support the ongoing
orderly de-carbonisation of industrial activities, such as coal mining operations.

During this dewatering process, the Company has observed significantly higher water production than during the first stage of de-watering, which suggests greater permeability across a wider zone of influence around the dual lateral well structure

Although the Company’s immediate focus is to provide CNG to end users, it continues to evaluate the
development of CNG intake infrastructure at a suitable location on the existing gas pipeline network close
to the CNG Facility. This would allow State Gas to support domestic or export gas supply opportunities
using future production volumes up to the maximum compression capacity of the CNG Facility of 1.7TJ/day.

Can GAS make all this viable!?