SGC 0.00% 0.5¢ sacgasco limited

Ann: Sacgasco to Acquire 100 BOEPD in Reactivated Oil Fields, page-26

  1. 5,277 Posts.
    lightbulb Created with Sketch. 1187
    You can forget about RMP. In their quarterly report just released they said they intend to make an application to the ASX for a proposed under listing rule 11.1.

    Listing rule 11.1 is for when an entity proposes to make a significant change, either directly or indirectly, to the nature or scale of its activities. So looks like they are getting out of O&G.

    One thinking i have been mulling over with all of the volume going through XST, and with RMP out if the picture, is whether XST is intending to increase its working interest in Borba, to say 49%. XST would have seen the independent resource assessment and if it has come back a cracker it is a non brainer to increase their working interest. Also XST and SGC have common Directors. The Chairman of SGC is on the XST Board and is XST largest shareholder so an increase in working interest to XST makes sense.

    It would also partially explain the huge volume in XST today, nearly 500m shares (a quarter of the shares on issue) valued at over $5m, especially compared to the SGC volume.
 
watchlist Created with Sketch. Add SGC (ASX) to my watchlist
(20min delay)
Last
0.5¢
Change
0.000(0.00%)
Mkt cap ! $3.898M
Open High Low Value Volume
0.5¢ 0.5¢ 0.5¢ $11.72K 2.345M

Buyers (Bids)

No. Vol. Price($)
3 1900272 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 5631294 8
View Market Depth
Last trade - 14.55pm 14/06/2024 (20 minute delay) ?
Last
0.5¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
0.4¢ 0.5¢ 0.4¢ 368632
Last updated 14.55pm 14/06/2024 ?
SGC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.