Not long to go, page-10

Things just getting started here. Over 10m volume traded today which bring us to now 4 x placing volume traded meaning that the placing overhang has well and truely gone ready for the proper re rate.

Seems like SGC is still massively under the radar amongst investors but some are now getting wind of the potential upside here. Something like 6 or 7 zones of high pressure gas shows have been encountered and so id say that the chances of at least one of these flowing commercial rates is more likely than not.

A commerical discovery of 600bcf (300 net to SGC) would be worth $1 so SGC SP using standard industry metrics. Given the infrastructure is all there to flow cash straight away, the market demand is there in spades, the economy is one of the strongest globally... adding to the fact Dempsey success essentially validates Gary Jefferys theory of the deeper Sacramento gas meaning it unlocks well over 10tcf potential and opportunity for more land grabs. Add to this they will be drilling the even larger Alvaers prospect end Q4 beginning Q1.
No Debt, producing cashflow at the moment that covers overheads, solid cash position....

Bring on next week and the flow rates.