A recoverable reserve of 500 bcf is definitely a major company maker - after royalties and costs it would still amount to billions of dollars shared between SGC and XST!
I'd assume the Resource Report will be an unrisked resource estimate, based primarily on the seismic amplitudes calibrated towards gas occurrences.
There's no chance of a recoverable estimate being discussed in this Resource Report. That will require drilling and production testing, of any gas reservoir encountered, over a period to establish drawdown pressures, and probably additional drilling thereafter.
A recoverable reserve of 500 bcf is definitely a major company...
Add SGC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.458M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $15.18K | 2.169M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 2916199 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 251972 | 1 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
|
|||||
|
Last
0.7¢ |
Change
0.000 ( 12.5 %) |
||||
| Open | High | Low | Volume | ||
| 0.7¢ | 0.7¢ | 0.7¢ | 678834 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| SGC (ASX) Chart |