I sat in on SGC presentation and sorry Good Oil, don't expect a CR anytime soon. The company has $1.5 million in cash and while the drilling of Dempsey is estimated at $5 million, SGC's net cost is $500,000 for a 50% interest.....a great position. If Dempsey is a success, we will be looking at much, much better prices. I'd be hoping for at least SGC being a Disallowed from here, if all goes as hoped and could be even much better still. My guess is that management will be very selective on the timing of any CR.
Ann: Dempsey Well Update & Corporate Presentation 26 June 2017, page-5
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