Corporate and New Ventures • Following the completion of the Alberta Plains Assets divestment, the Board has been assessing a number of high impact large resource exploration drilling opportunities with a view of executing a drilling program in Q1 2024; • Additional long-term value accretive opportunities both in oil and gas have been identified domestically as middle east tensions, lack of new supply, increasing demand, and withdrawal of inventories continue to create a perfect storm of high oil prices and high netback LNG prices globally; • Sacgasco is currently undertaking a review of all its assets to better streamline cash flow and corporate overheads; and • The review includes implementing a strategy of majority operatorship of all its assets and drilling high risk high reward exploration prospects complemented with cash flow to manage corporate overheads.
SGC Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
