Sacgasco Limited (ASX: SGC)
‘Discovery Thinking’ has led Sacgasco Limited (ASX: SGC) to identify the huge overlooked natural gas potential in California’s world-class Sacramento Basin.
The company has identified multiple commercial opportunities just waiting to be unlocked and established a robust portfolio of modest to large-scale natural gas prospects in the Sacramento Basin.
Already, one of the state’s leading Natural Gas operators, SGC recently completed field appraisal drilling, with wireline and mud logs confirming 4 zones of interpreted gas saturated sandstones between 1000 and 1560 metres.
The net pay estimates range from 30-50 feet and the expectations here are that there is enough future gas production to cover well costs.
SGC has intersected multiple intervals of interpreted significant gas shows in sandstones at the producing gas field levels.
Should all the stacked reservoirs be full of gas, the cumulative unrisked recoverable Prospective Resources within the prospect could exceed 1 trillion cubic feet of gas.
The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
SGC is uniquely positioned to unlock the Sacramento Basin’s gas potential and will now turn its attention to drilling the more than five underlying targets.
The company holds a high working interest in its projects, has a tight share register, low cost onshore operations and has easy access to a world-class growing gas market.
Capped at just $19.2 million, SGC is certainly one that small cap investors should keep an eye on.