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0.6¢ sacgasco limited

Top 10 Oil Producer 2,000 BOEPD, page-3

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Carlosa

202 Posts.

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29/04/21

12:32

Post #: 52810631
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Originally posted by Profit Prophet: ↑

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

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Would be good to see a table of the top 20 current producers, by BOEPD, with their corresponding annual receipts, and MC.

I'll do some digging, shouldn't be too hard to find. keen to know if there is a big drop off after the big boys - is top 10 really any different to top 20? lets hope so...

SGC Price at posting: 3.7¢ Sentiment: Hold Disclosure: Not Held
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