Hi All. First Post. Im a UK oil and gas investor that has made a...

Hi All.

First Post. Im a UK oil and gas investor that has made a pretty packet investing in EME from 3.5p. I have now moved my position to SGC at 10c as I can see a fantastic opportunity here.

EME is now valued at $162m AUSD eq with 30% interest in Dempsey. Note - the majority of this valuation has arisen from Dempsey as their flagship investment.

SGC upside assuming a 1tcf discovery is 500bcf net to SGC. A typical conservative valuation of a proven commercial bcf to the market capital is circa $1/bcf. This would give SGC fair valuation of $500AUSD or around 20x upside from these current levels.

Given the RNS's to date of now intersecting significant gas shows under high pressure in their primary target its looking like very good odds now for a commercial discovery. If this is the case hold on to your hats, and this is ignoring the fact that SGC are drilling the even larger Alvares in a few months time.

I continue to load in here.

GLA

Oh and one final point - SGC should move towards dual listing on the AIM London market if they want to help to close the value gap