SGC 25.0% 0.5¢ sacgasco limited

Taken from the announcement once producing they expect to...

  1. 35 Posts.
    lightbulb Created with Sketch. 11
    Taken from the announcement once producing they expect to produce 3000 mcfpd Henry Hub price $4 per mcf

    Quick calculation 3000 x 4 x 0.667 - 20% Royalties x 365 days = U.S $2,336,000 a year. Not a ground breaking revenue but hopefully the information gained from this drill will really benefit the company going forward. I have to admit rather disappointed with the reaction to the share price on this announcement. I still think we are still feeling the backlash from Borba. It looks like we will only really see a steady increase in the share price once the revenue comes in.

 
watchlist Created with Sketch. Add SGC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.