State GAS Ltd Quarterly Activities Report for Q2 2026
Key points
- $4.1M R&D tax concession received, improving balance sheet
- Foundation Customer for HDNG implementation identified
- Rolleston West Concept Study progressing, farm-in partner processes ongoing
- Land access dispute continues, mediation unsuccessful
Full summary
State Gas Limited provided a quarterly update for the period ending 30 June 2026. The company highlighted the receipt of a $4.1 million R&D tax incentive refund, which has strengthened its balance sheet. The company is progressing with its HDNG technology, having secured a foundation customer for implementation. The Rolleston West Concept Study is also advancing, with ongoing engagement with potential farm-in partners. Additionally, the company continues to face a land access dispute, which did not reach a settlement during the quarter.
Guidance
No specific financial guidance provided in the announcement.
Outlook
The company expects to finalize the Rolleston West Concept Study and continue engagement with potential farm-in partners. It also aims to resolve the land access dispute and advance its HDNG strategy.
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