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Ann: June 2022 Quarterly Activities and Cash Flow Statement, page-7

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lion64

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31/07/22

07:31

Post #: 62834629
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Originally posted by Aussie Eagle: ↑

The Borba situation is pretty much word-for-word with SGC's, dyor...except for a telling (imo) addition by SGC which seems to reinforce the direction being taken which seems to be to use the gas in electricity production for a data centre facility pending necessary permits.

(SGC's additional info.." and permitting of facilities for monetization of the natural gas from the Borba 1-7 well discovery.")
This additional info above is contained in their section 'September Quarter Objectives'

Now, how much of the gas can be 'monetized' to power a data centre I have no idea but doubt there'd be much profit in it. It could even be a condition of their exploration/production permit - 'you found it ages ago, now get it moving'.

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I stand to be corrected. One data centre usually sporns others.

Is the proposed Data Centre on Borba land?

If it is you can see why they are heading down this path with Borba.

To my way of thinking Hydrogen would be the backup plan, if the Data Centre permitting doesn’t get up.

XST Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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