UK Interest Building

If SCG attracts even a fraction of the EME volumes its going to get very interesting here over the next few weeks.

On pure dempsey exposure SGC offers 10 times more exposure/value currently.

A well known UK oil and gas comentator Malcom Graham-Wood met with the EME CEO today and will write up his thoughts tomorrow in his blog, extremely positive vibes indeed with regards to Dempsey.

Personal target here is $1 on a 500bcf commercial discovery and $2 on a 1tcf commercial discovery, extrapolate between if otherwise. I also think this is a very low ball target. If over 1tcf then all bets are off....

The key here that lots seem to be missing at the moment is that the significant gas shows in the deeper geology confirm Gary Jefferys theory about the Sacgasco basin as a whole. The California gas industry has been drilling just the shallows for decades when in fact (by challanging industry dogma) he is about to prove the real big prize has been lying underneath for all these years. It shifts the basin paradigm, it reinforces all of SGC's acreage as potentially multi-multi TCF starting next with Alvares in a few months time.

Extremely exciting times here. Strap in.