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0.3¢ australian oil company limited.

Ann: SC54A Asset Sale and Farmin, page-52

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lion64

978 Posts.

359

21/01/22

08:17

Post #: 59028422
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Originally posted by Joekickass: ↑

Appreciate the Insight, although my perspective was from a government revenue viewpoint, Was reading Malampaya has brought in $12b revenue which will hurt when its gone, especially if they are forced to now pay for imports.

This was an interesting read

http://ieefa.org/wp-content/uploads/2021/05/No-Guaranteed-Future-for-Imported-Gas-in-the-Philippines_May-2021.pdf

"The SPA for the Ilijan
gas plant ends in 2022, while the agreements for the four other gas plants owned by
First Gen end in 2024. Unless these SPAs are renewed, the entire volume of natural
gas will have to be imported. If not, the plants will have to be decommissioned or
run on more expensive liquid fuels"

Add Covid debt pressure on top and could be a perfect storm to really push to develop other revenue streams and fast.

One thing is for certain and that is you and I are both speculating, But with current risk to reward on SGC and considering oil prices, I like where my money is.

Expand

Yep agreed, happy to have a tidy sum parked here. The risk reward ratio is compelling considering the assets in question and the price of oil!

SGC Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

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Last 0.3¢		Change -0.001(14.3%)		Mkt cap ! $3.138M

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No.	Vol.	Price($)
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0.004	2328324	3
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