State Gas soars on debut

TRIANGLE Energy managing director Rob Towner believes his Bowen Basin spin-off, State Gas, kicking off trading on the ASX earlier than expected yesterday and surging 75% on debut could set the ball rolling for more optimism around conventional gas to feed hungry east coast markets.

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State Gas, until recently a subsidiary of Triangle and holder of a 60% interest in PL231 - otherwise known as Reids Dome - was admitted to the ASX yesterday, a full week before its original schedule

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