With the acquisition announced yesterday it takes SGC’s share of production, after acquisitions in Canada, to ~2000 BOEPD.
It will propel SGC into the Top 10 producers of oil and gas listed on the ASX.
And the 2,000 BOEPD will be produced instantly when the latest acquisition closes as the associated infrastructure is already in place (CAPEX free).
The 1P reserves for the combined assets net to SGC is nearly 6.5 million barrels. The 2P reserves is now over 11 million barrels. These are some serious numbers being added to the SGC bottom line and the balance sheet.
And with the production testing of Borba occurring now fingers and toes crossed it is successful with good numbers, as it may propel SGC even further up the ASX Top 10 oil and gas producers list.
DYOR & GLTAH's
With the acquisition announced yesterday it takes SGC’s share of...
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