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Ann: Borba and Production Update, page-72

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yeahnahnahyeah

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06/04/21

14:35

Post #: 52273695
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Originally posted by Profit Prophet: ↑

Very disappointing announcement today based on the positivity in the previous announcements and the GJ podcasts. The selloff was severe but was an over reaction imo when the following catalysts are considered;

WELL TESTING

The well is not a duster (yet), testing is to commence on the Kione shortly where there is 92 feet of log pay, with potential upside to 137 feet of pay. Initial indicator are that there is good permeability and a gas pipeline is nearby for early production.

“The likely test zone in the Kione has porosity up to 23% and exhibited filter-cake buildup on caliper logs, an indicator of permeability for the flow of natural gas. Based on the gas shows and regional production experience the Natural Gas in Borba 1-7 is expected to be mostly methane. A tie in point to a nearby gas pipeline will facilitate early production from Borba 1-7, should production testing prove to be successful.”

OIL PRODUCTION

Oil production is exceeding expectations with a rising oil price

“SGC’s share of oil production from Red Earth and Alberta Plains Assets in Canada continues to exceed expectations and is now over 420 BOEPD; first revenues to be reported shortly”

“Oil and Gas prices have increased significantly since the decision was made to acquire interests in the Canadian production assets”

OTHER OPPORTUNITIES

Currently assessing other opportunities to substantially boost production

“SGC and its partners actively assessing other complementary oil & gas producing assets in Canada and California that would substantially boost production”

Based on this it is a buy from me but completely understand if some punters cut their losses today and moved on to other opportunities.

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You led us all to a black room. Poor!!!!!!!!!!!!!!!!!!!!

SGC Price at posting: 3.5¢ Sentiment: Sell Disclosure: Held
8 Upvote

0 Great analysis

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Ann: Borba and Production Update, page-72

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

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Ann: Borba and Production Update, page-72

Top Stories

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

BCI reaches close of funding facility for salt-first part of Mardie project

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

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Buyers (Bids)

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