Could be huge news coming up imo. Borba 1 well drilled in 1998 by Hunt Oil just over 1 kilometre away from current well had multiple zones over a 570 feet interval of high gas shows and porosity.
SGC would have drilled below the 5,600 feet mark recently which aligns nicely with the TH. The top of the Guinda is at 5,800 feet as well.
DYOR
"At around 5,600 feet (1,700 metres) the well is projected to be in a mapped structural closure 140 feet (43 metres) up-dip from a 1998 well which encountered multiple zones over a 570 feet (175 metres) interval of high gas shows and porosity. These shows were not flow tested at the time, but these sands intervals have been productive in the local area."
Ann: Trading Halt, page-99
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