SGC 25.0% 0.5¢ sacgasco limited

Ann: Strong Gas Flow Testing Confirms Borba as a Producer, page-164

  1. 196 Posts.
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    I know you were worried about the 30 million liability on the red earth assets, there's 6.6 million barrels in the 2p reserves. That's $4.50 per barrel to cover the liability. SGC share $1.59 per barrel plus the initial purchase price of 55 cents per barrel is $2.14 per barrel which would seem reasonable. If the can save for that rainy day. Or am i off base with this thinking.
 
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