The smoke signals are getting stronger and stronger.....high...

The smoke signals are getting stronger and stronger.....high impact large resource near term exploration adjacent infrastructure North America and domestically....natural gas domestically

Not long now @Thejerry01

Corporate and New Ventures

• Leading up to shareholder approval of the divestment of Nido, the Board has been finalising a selection of high impact large resource exploration drilling opportunities both in North America and domestically with a view of executing a drilling program in Q2 2024;
• Additional long-term value accretive opportunities in natural gas have been identified domestically as a lack of new gas supply has affected both LNG and domestic markets have which has seen sentiment shift in upstream investment both in exploration and development; and
• Sacgasco’s review of all its assets and corporate structure was nearly complete in the quarter with efficiency initiatives to be implemented during the coming quarter consistent with a strategic shift in its asset portfolio.

CORPORATE

During the quarter several reviews were undertaken and completed of the Company’s assets, overheads and strategy with a view of implementing an operating exploration company philosophy and taking this business model to increase the Company’s footprint to include other jurisdictions. LNG and Australian domestic gas prices have increasing as a result of the lack of new gas supply and under investment in the sector and this will underpin the company’s future growth.

New venture opportunities have been focused in two areas:

• High impact near term exploration opportunities adjacent to infrastructure as liquidity has improved in ASX listed juniors and in the energy space in general; and
• Medium to longer term portfolio opportunities to ensure an inventory of news flow as the company recapitalizes into higher commodity prices.