Ann: Sacgasco Receives A$5.1m from PNOC EC Farmin, page-57

IDH it's interesting that you mention Alvares

@Thejerry01 it's also interesting you mention "i hope sgc has a pep 11 on shore on steroids in USA stay tuned"

This was in the recent quarterly;

"Sacgasco is looking at further “bolt on” opportunities that are exploration with large upside in other leases and potentially further drilling in the Alvares area".

SGC has the Alvares project on its book which is 2.4TCF monster which had over 3 kms of gas shows during drilling. SGC were considering at one stage of rentering the wellbore and sidetrack. The Alvares area has monster gas targets.

"Alvares was drilled for oil in the mid 1980s when gas was not a high priority target. The Alvarez well encountered some 10,000 feet of gas shows and flowed gas to surface from a very limited test of a 40 feet interval."

"The Alvares Project is based on the Alvares-1 gas discovery well, overlooked while drilling for oil in 1982. Alvares intersected a large column of high pressure gas. This prospect is mapped as a large gas trap and confidence is high that gas flow rates will be economic and conducive for further development work. The project is estimated to have a total un-risked recoverable prospective resource on a best estimate basis of approximately 2.4 Tcf (400 million boe) in the gas filled strata circled in yellow at around 2,500 to 3,000 metres below the surface."