Sacgasco Limited ABN 83 114 061 433 Unit 14, 210 Bagot Road,...

Sacgasco Limited
ABN 83 114 061 433
Unit 14, 210 Bagot Road, Subiaco, WA, 6008.
T +61 8 9388 2654 E [email protected]
Announcement to ASX 30 July 2021
JUNE 2021 QUARTERLY ACTIVITY REPBorba Gas Pipeline Sacgasco 66.67% WI Operated
After reviewing multiple routes and connection alternatives Sacgasco is in the process of obtaining
estimates for installing a direct pipeline connection from Borba to Sacgasco’s owned and operated
Dempsey area facilities. The optimum route for the pipeline to provide future access for mapped
prospects in the area is being finalized.
Subject to final pipeline cost estimates, a final investment decision on this project is expected in the
September quarter.
Integration of recently acquired proprietary and public airborne geophysical data with 2D and 3D
seismic data and analysis of well histories over a 1000 square kilometres study area in the northern
Sacramento Basin is proceeding. Results are expected to define extensive ‘prospects and leads’ focus
areas near Sacgasco’s infrastructure. Potential for natural sources of helium and hydrogen is being
examinedCURRENT QUARTER OBJECTIVES
 Increasing production and cash flow from Canadian oil and gas producing properties.
 Progress strategic plan for exploration and development of the Philippines Service Contracts.
 Final investment decision on the connection of the Borba well to the natural gas pipeline
system
 Integration of proprietary geophysical data and interpretations with the existing company
geological and geophysical databases in California, Canada and Philippines to build o
Sacgasco’s portfolio of opportunities.
 Ongoing review of potential conventional oil and natural gas projects including Hydrogen and
Helium that have a strategic fit with Sacgasco’s current assets and strategy.