SGC 25.0% 0.5¢ sacgasco limited

Ann: Dempsey Gas Well - Operations Update, page-13

  1. 1,380 Posts.
    lightbulb Created with Sketch. 344
    88E had to shut their well in for 6 weeks to try and get pressure to build up, SGC has the opposite problem they have to get high pressure rated equipment to test it. I know which situation I prefer.

    "Due to the reservoir formation pressures encountered while drilling, high pressure rated equipment is being employed for the upcoming operations."

    A 3 week wait seems like an eternity to day traders so they'll exit. But 3 weeks will give the share price a chance not only to get back to 20c but through it.
 
watchlist Created with Sketch. Add SGC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.