Nice write up on SGC in Stock head article released today
Bargain Barrel: These oil and gas producers under $20m are poised for a breakout
Sacgasco (ASX:SGC)
Sacgasco reported oil and gas production of 39,882 barrels of oil equivalent from its non-operated Canadian assets, which brought in cash receipts of $850,000.
It is working with operator Blue Sky Resources on a number of new opportunities that could deliver production growth.
This is welcome as it continues to progress its offshore exploration projects in the Philippines.
It has completed geophysical site surveys in preparation for drilling the Cadlao oil field and the Nandine prospect in the North West Palawan Basin in mid-2023.
A successful oil discovery could be quickly brought into production under Phase One of a development program using an extended well test.
Nice write up on SGC in Stock head article released today...
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