There are not a lot of small ASX companies that have committed significant time and effort into drilling deep exploration wells like Sacgasco have. I have watched this story for a number of years and there are lots of ingredients which indicate that this project will be a success. The oil and gas sector needs patient capital and this patience is rewarded when commercialization occurs. Production is imminent from existing wells which will ensure that the company keeps the lights on. The market for gas in California is huge.
The Good Oil Conference presentation and interview shows consistency in the message but there should be more emphasis on where the cash flow is going to come from in the near term.
There are not a lot of small ASX companies that have committed...
Add SGC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.678M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.7¢ | 0.5¢ | $47.20K | 7.318M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5153603 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 470000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
0.7¢ |
Change
0.000 ( 18.2 %) |
||||
| Open | High | Low | Volume | ||
| 0.6¢ | 0.7¢ | 0.6¢ | 2513599 | ||
| Last updated 14.18pm 03/05/2024 ? | |||||
| SGC (ASX) Chart |