SGC 0.00% 0.5¢ sacgasco limited

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  1. 490 Posts.
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    Actually on second thought funding is way way too difficult a subject with a company worth less than USD 3 million. 3 wells and completion is at least USD 100 million (EWT plus full field development), and this is not even using an FPSO...just an FSO.

    So tell me this.....what ever happened to the Blue Skit (or Sky) approval farm out (was it not tabelled last March 2022) and the POD approval with the Philippines DOE? Do you think it plausible that at over 100 dollars oil the approvals are not in place and now that oil is hovering around 70 SGC are going to get it.
    Last edited by IBoesky: 02/06/23
 
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