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0.4¢ australian oil company limited.

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matthewwhite

81 Posts.

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28/09/17

21:09

Post #: 27533562
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Originally posted by Oil_BaronUK ↑

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.

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Where is good oil, mr placement the flog?

SGC Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 0.4¢		Change -0.001(12.5%)		Mkt cap ! $3.506M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$9.275K	2.65M

Buyers (Bids)

No.	Vol.	Price($)
19	17243470	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	3792562	4

View Market Depth

No.	Vol.	Price($)
19	17243470	0.003
5	14333666	0.002
6	52900500	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	3792562	4
0.005	4750245	4
0.006	7027961	6
0.007	4301142	3
0.008	5000000	1

Last trade - 15.23pm 31/10/2024 (20 minute delay)

AOK (ASX) Chart