Fingers crossed that the TH is positive and they have found significant gas in the shallower section of the well.
Assuming it is positive it must be significant and some more if they have gone into a TH, Dempsey recorded 'significant gas shows' and there wasn't a TH. With 15 stacked target zones, nearly 2 km's of prospective interval and with the bigger deeper targets still to come with a pipeline that can be hooked up to within weeks the sky is the limit imo, especially with talk of skidding the rig for further drilling to tap into the reservoirs if required.
Borba 1-7 can cause a significant rerate on its own which SGC has a 66.67% interest in but if successful don't forget that SGC also has the ground on trend with Borba 1-7 with bigger targets which would open up a new 'fairway' and would unlock the Borba 'multi TCF' prospect. The value of these areas would start to be reflected in the shareprice very quickly.
It is worthwhile reflecting on the following table for where we maybe headed if the stars align, STX and WGO have market caps of $550m and $217m respectively.
But first lets hope and pray that good news arrives next week, i am a glass half full man and believe our time in the sun may have finally arrived
Enjoy the weekend all i know i will
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