Fascinating posts. I have been away for a few days so took me...

Fascinating posts. I have been away for a few days so took me some time to catch up. Let me jump in with my 2 cents worth.

I am still very keen in the gas story. The Borba story had 2 chapters, the shallow chapter and the deep chapter. The deep chapter is getting a re write given the Borba drilling results. It is not settled just resting. For those in Oz, a bit of history. North Rankin (offshore LNG) was discovered on the 7th well after 6 dusters.
Welcome to the exploration game.

However the shallow play interests me a great deal. The risk is far far less the zone is the predominant producing zone in the region. The cost of a well is about $750k which is well within the capability of SGC with revenues from Canada. In a perfect world a shallow well could pay itself out in 3+ months. The question is how many shallow we’ll locations does SGC have. It may not be sexy but highly profitable IMHO and will be the engine room for growth without exorbitant dilution.

Cash from the oil to drill the shallow gas well inventory to generate more cash to acquire another play. This is elegantly simple and can be done without huge dilution.

just my humble opinion. DYOR.

The Captain