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25.0%

0.5¢ sacgasco limited

name a potential 5 bagger in 2024, page-16

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Feral54

3,626 Posts.

1134

04/01/24

15:30

Post #: 71727028
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Originally posted by Thejerry01: ↑

Commenting on the revised transaction, Managing Director Kane Marshall stated:
“The revised share purchase agreement reflects significantly better terms for our Shareholders both in terms of
increased firm and contingent cash components and in retaining upside exposure with our Service Contract
royalties. With Nido now having signed a rig contract with Saba, Sacgasco has clear line of sight on Philippines
activity and future potential value in both our contingent payments and royalties. The revised sale terms allow
us to significantly reduce our liabilities on our balance sheet as well as recapitalise the Company so that we can
immediately take advantage of both the material drilling opportunities we have short listed in early 2024 and
activity leading into improved capital market conditions.”

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the material drilling opportunities we have short listed in early 2024. Any thoughts on these?

SGC Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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