Bigger than the Perth Basin !!, page-6

Two interesting announcements released by RMP and SGC recently;

1. Red Emperor Resources (RMP) announced that it has elected not to exercise option over Perth Basin permit.

http://redemperorresources.com/rmp-elects-not-to-exercise-option-over-perth-basin-permit/

1. Sacgasco (SGC) released a presentation in which it says that the “Sacramento Basin is Perth Basin’s big Brother” and on page 9 of the presentation a comparison is provided between the Sacramento Basin and the Perth Basin, which demonstrates the significant size and potential of the Sacramento Basin. A comparison is also provided between two companies in the Perth Basin, Warrego Energy (WGO) and Strike Energy (STX) with market caps of $100m and $300m respectively, with two companies in the Sacramento Basin, Sacgasco (SGC) and Xstate Resources (XST) with market caps of only $4m and $3m respectively. It is believed that the ‘Borba’ natural gas prospect that SGC and XST are involved with in the Sacramento Basin could hold between 10-16 TCF of gas.

http://www.sacgasco.com/wp-content/uploads/2018/01/Investor-Presentation-June-2020.pdf

https://hotcopper.com.au/threads/bigger-than-the-perth-basin.5431164/?post_id=45041598#.XucR-uR7m71

Why are these announcements from RMP and SGC interesting ?

Firstly, John Begg has been engaged by RMP to assist with introducing and reviewing business opportunities. John Begg has also been involved with SGC and XST previously when his private company ‘Bombora Natural Energy’ farmed into SGC and XST prospects.

http://redemperorresources.com/wp-content/uploads/QuarterlyActivitiesReportAndAppendix5B25Oct19.pdf

https://www.asx.com.au/asxpdf/20160815/pdf/4399wll15hbqkw.pdf

Secondly, RMP has announced previously that it was looking at the Sacramento Basin as a place to secure a project/leases.

http://redemperorresources.com/quarterly-activities-report-appendix-5b-13/

So if the Sacramento Basin dwarfs the Perth basin for size and prospectivity as per the SGC presentation, and with John Begg’s involvement with RMP, SGC and XST, could it be that RMP will farm into SGC and XST ‘Borba’ prospect in the Sacramento Basin ? The Borba prospect is massive with indications that it could be in the 10-16 TCF range and would fit RMP’s risk profile of looking for projects with significant prospective resource potential and massive upside. Borba needs funds to drill and RMP has approx $4.7m in the bank so a potential farm in would be good strategic fit. Perhaps RMP has rejected the Perth Basin permit so it can farm into Borba ?
All pure speculation on my part but provides food for thought. DYOR!!