XST 0.00% 0.9¢ xstate resources limited

Ann: Sacramento Basin Farmout-XST.AX, page-26

  1. 8,329 Posts.
    lightbulb Created with Sketch. 194
    you have to think that SGC has some issues on being credible, i am not a shareholder there, but the announcements seem remarkable

    2104

    CORPORATE UPDATE
    Summary:
     Potential investor withdraws from funding commitments
     Discussions progressing well with potential funding partners in North America
     Dempsey Prospect drilling application proceeding as planned
     AOC exploring options to commence drilling at Dempsey and Alvares Prospects earlier than anticipated


    SEPTEMBER 2014 QUARTERLY ACTIVITY REPORT

     AOC working to commence drilling at Dempsey and Alvares
    Prospects earlier than anticipated



    2015

    MARCH 2015 QUARTERLY ACTIVITY REPORT

     Discussions continuing with potential funding partners for drilling
    of Dempsey and Alvares prospects

    Furthermore, AOC continued to advance discussions with potential funding
    partners who have expressed interest in participating in the development of the
    Dempsey and Alvares prospects.

    JUNE 2015 QUARTERLY ACTIVITY REPORT

     Discussions underway with a number of potential funding partners
    for drilling of Dempsey prospect in calendar 2015.

    AOC is working diligently to secure the required funding to drill the Dempsey
    prospect and is continuing discussions with potential funding partners who
    have demonstrated a strong interest.

    SEPTEMBER 2015 QUARTERLY ACTIVITY REPORT

    Discussions progressing with a number of potential funding partners
    for drilling of Dempsey prospect in early 2016.

    DECEMBER 2015 QUARTERLY ACTIVITY REPORT

    Discussions progressing with a number of potential funding partners
    for drilling of Dempsey prospect in 2016.

    MARCH 2016 QUARTERLY ACTIVITY REPORT

     Positive outlook for oil and gas investment climate bodes well for
    near term development of SGC’s conventional gas assets.

    Furthermore, the Board is encouraged by increasing investor interest in the oil and gas sector, and in
    particular Sacgasco’s conventional gas assets. Discussions around funding options are progressing
    well, targeting the commencement of drilling at Dempsey Sacramento Basin in 2016.

    JUNE 2016 QUARTERLY ACTIVITY REPORT

     Positive outlook for gas prices has created renewed interest in the
    planned Dempsey well and near term development of SGC’s
    conventional gas assets.

    question remains

    can they achieve any progress on this in 2016???
 
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