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0.4¢ australian oil company limited.

Spare my old head the convolutions, just give me the bottom line...

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Feral54

3,626 Posts.

1134

05/01/24

16:09

Post #: 71746440
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Originally posted by Thejerry01: ↑

1.6 Financial effect and use of proceeds
The Company has received C$407,035 (approximately A$465,000 – refer to ASX Announcement
18 September 2023) as cash consideration for the Canada Transaction, after netting of amounts due and
payable by Sacgasco to BSRL.
The Company is due to receive cash consideration of US$1,250,000 (approximately A$1,910,000) in cash
consideration for the Nido Transaction, in addition to contingent cash consideration of US$2,500,000
(approximately A$3,820,000) upon satisfaction of conditions outlined in Schedule 1.
The impact of the Disposal on the Company is set out in the pro forma balance sheet contained in Schedule
3.
The proceeds received from the Disposal of Nido will be applied to new venture projects including
additional exploration and development in its California assets. As such, no additional cash will be raised as
a result of the Disposal, however upon completion of the Disposal, the Company will be in an optimal
position to proceed to refinance itself and pursue its key objectives and strategies (as set out in Section
1.8.1).

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Spare my old head the convolutions, just give me the bottom line they will have in the kitty to tackle the Sacramento basin.

SGC Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $3.778M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$1.5K	375K

Buyers (Bids)

No.	Vol.	Price($)
13	20437478	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	5999562	6

View Market Depth

No.	Vol.	Price($)
13	20437478	0.003
7	6083666	0.002
4	51800500	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	5999562	6
0.005	4300000	4
0.006	7077961	7
0.007	4301142	3
0.008	5000000	1

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