Ann: SGC to Add Net 1500 BOEPD to Canadian Production, page-4

Holey moley great asset picked up, huge rerate coming at some stage imo

Cheap purchase price

Asset is producing approx 1500 barrels of oil per day. SGC will be producing approx 2000 barrels per day from all assets.

This asset adds 2P reserves of 8.03m barrels and 3P reserves of 14.4m barrels

"The anticipated net production of oil and gas on a BOE per day basis would, based on the most recently reported production information, place Sacgasco and JV partner Xstate in the Top 10 producers of oil and gas listed on the ASX. Their combined production would be verging on being in the Top 5.”