Bigger than the Perth Basin !!, page-33

Agreed that the drilling of Borba could be a life changing event, especially since XST has a 24% working interest in the drill.  

Once the drilling of Borba is announced and they drill through the 14 stacked prospective target zones, and they hook the well up to the pipeline which is only approx 5kms away for quick cashflow, the shareprice will be through the roof.

People will then realise what a great buying opportunity the current share price is.

“GJ mentioned that other industry people have suggested Borba could be in the 10tcf to 16tcfrange based on amplitude anomalies but played this down as there is a lot more involved in modelling for the drill”.

Doing some back of the envelope numbers;

1 TCF is approximately 170 million barrels of oil equivalent.
10 TCF is over 1.7 billion barrels of oil equivalent !!
16 TCF is over 2.7 billion barrels of oil equivalent !!

SGC 46% stake in Borba would equal between 780 million to 1.2 billion barrels of oil equivalent.

XST 24% stake in Borba would equal between 400 million to 600 million barrels of oil equivalent.

Using the number above and a conservative $10 oil price as a guide Borba would be worth billions to both SGC and XST. Even if only 10% of Borba comes in (i.e. 1 to 1.6 TCF) it would still provide significant upside.

SGC current market cap is only $6m approx.

XST current market cap is only $3m approx.

Borba is only 5 kms away from Dempsey so they already know that there is gas and lots of it.

The upside that Borba presents to SGC and XST is frightening, being possible 500 baggers, and both share prices are going to go nuts imho.

DYOR, GLTAH's and enjoy the ride !!

https://hotcopper.com.au/threads/an...5430096/page-14?post_id=45039715#.XtiezeR7m70