SGC 10.0% 1.1¢ sacgasco limited

I agree with point 2. Within 2 months they would have $5m cash...

  1. 2,159 Posts.
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    I agree with point 2. Within 2 months they would have $5m cash and have made their backers money let's say they hit 10 cents, options get exercised at 4 gives a tidy 150% potential profit. Personally though I think selling out at 10 cents would be short sighted. I'm hoping SCG gets to 30 cents this coming year at least $150m Market Cap. If they keep 30% of Philippines farm out the other 30-40% and it ramps to 20000 barrels in 2022 with oil prices around current levels I can see 30 cents as being conservative!

    As hard as that is to believe with how little the share price has moved lately, they have some serious assets now and a changed dynamic in the energy markets. All comes down to execution now.

    One thing I am curious on is what is the timeframe to actually get the JV's moving on the phillipine assets.

 
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