I think the big positives about the Canadian oil production are:
1. Current equity is already paid for, and a smallish oil production is happening, and that cash flow is positive;
2. Additional production can be brought onstream with minimal expenditures required;
3. Oil prices likely to increase as economies get back online after covid;
4. Cash flows from oil production will minimise the need for future share Capital Raisings.
SGC (and XST for that matter) has a completely different, and positive, outlook to what happened after Dempsey. Now there doesn't have to be a 3 or 4 year wait for the next drill hole along the Borba trend or elsewhere (e.g. Alvares).
I think the big positives about the Canadian oil production...
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $6.237M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $27.43K | 3.057M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 5814999 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 200000 | 1 |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
0.9¢ |
Change
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| Open | High | Low | Volume | ||
| 0.9¢ | 0.9¢ | 0.9¢ | 848866 | ||
| Last updated 15.42pm 26/04/2024 ? | |||||
| SGC (ASX) Chart |