With the market still in turmoil we've gone for a stock with great medium to long term potential in the emerging coal seam gas energy sector.
Sunshine Gas (SHG) recently raised $44M to fully fund the domestic gas phase of its Lacerta coal seam gas project. It also has many other prospects and production licenses.
It is a well managed company with 3 analysts giving it a strong buy recommendation. If you want some exposure to this emerging energy sector, this is definitely one to look at.
From their website..
Sunshine Gas is an Australian publicly listed hydrocarbon exploration, appraisal and development company focused on Queensland, Australia.
Sunshine Gas has extensive holdings of prospective Coal Seam Gas (CSG) acreage in Queensland which are in varying stages of exploration, appraisal and development.
The Company employs a small and highly skilled team of experienced professionals along with consultants providing maximum workforce flexibility.
The holdings comprise 12 Authorities to Prospect (ATPs) and 3 production licenses covering ~30,000 km2 in the Bowen, Surat and Cooper Basins.
Sunshine Gas is focused on establishing significant 2P reserves at its 100% owned Lacerta CSG project near Roma in ATP 795P and Paranui CSG project (50%) with farminee WestSide Corporation in ATP 769P as well as developing its 100% owned Overston conventional gas project in ATP 645P.
Disclosure: The Inside Trader holds a small parcel of shares in Sunshine Gas but please do not take this as a direct recommendation. Make sure you carry out your own research.
SHG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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