Member Info for EyeGuy

Possibly but 3d seismic needs doing. A lot thought - me included that the rns was very good. I looked at cos/pos and was hoping for circa 15% but then we had the statement �Oil seeps seen on satellite close to the mapped prospects and work on source rock maturity based on the recent 2D seismic mapping has further reduced the play risk, and it is expected that the POS will increase further following the planned acquisition of 3D seismic data.� Which made me think it is very positive and all to Play for. A lot also thought that hence spending over �20k on this stock. The assets here are valued at nil so this offers tremendous upside now. After all folks were paying 20x cash value on aiq a few days ago in the hope of making money. When mms have finished imo then we can start the climb up again. Let�s see

good point. lets see by next week.

great find. priced at cash value and looking for a significant move north now. gla

there has to be an order to fill to attract a price let alone a premium price. but which order is it. its Mondays imo

I can sell all my holding circa 500k shares for 2.355 now yet a small buy gets reported and it ticks down. MMS are fishing imo to fill Mondays orders or they wouldn't be taking this stock on an illiquid share would they

suppose we will need to wait until next week to see.

good afternoon Longfell. Hope you are well and good to hear from you. Yes, its a strange one because pre market Monday there was a big buy �20k ish at 4.5p and another delayed buy at 4.3p came in yesterday �20k. The buys were settled obviously but mms then have to supply the stock- which we know is difficult. so they have a choice. either gap the price up and lose of those trades or supply the stock lower down like now days later. not forgetting most people bought at 4p thought as I do the rns was good.

there is still stock to source from Monday I would guess. you can have shares in your account which can be traded for days without these shares being sourced. the shares need to come from somewhere and the odd thing here is that last week pretty much every buy was NT. so a good rns hits, we see big buys over 4p and then the sp reduces circa 40%. for me this is filling Mondays orders and a false price imo. we will see but the trading makes no sense as I knew ehat it was trading like last week.

well VAL is down circa 9% and this about 3.5%. So if you have come to gloat not really sure what your point is

people will be filling their own orders with trading and losing on their own shares. its completely nuts. same as msys. I suspect there are still orders to fill from Monday as shares are in short supply and when finished then we can move. It needs to find a level and a range

can sell all my shares well above bid. should bounce now imo

possibly byt on a 2d seismic what does anyone expect? numbers expected to increase on 3d as per rns. was thinking before the rns that circa 15% would be about right. I wouldn't expect to see huge numbers on2d. maybe someone did? no idea.

yep- happy holding and seeing what happens. This is a nuts priced and now priced at lower than cash. Quarterly report due over next week or so too. One day it will be gapping up on nothing when mms have finished imo

Big blue day today as mms finish settling some of the buys then the re rate can start.

Significance is commercial flow which can be sold and with successful frac many multiples from a zone which has never flowed and wasn�t guaranteed to flow.

It is- SGC on asx is my 2nd biggest holding

Worth ignoring them pal. Couldn�t stop laughing at that post on the val board. Simple this for me. MMS were short yesterday imo and filled the buys over yesterday and today at the lower price. Would expect when all shares have been sourced and settled it could well be over 4p again. Personally looking at a lot more than that.

It isn�t about current revenues. The knock on effect with frac will be widespread across the basin particularly for sgc that have interests in about 24 wells. Amazing news for both co.s With frac looking at 10-20 fold production from my understanding

Gary Jeffery, Managing Director of Sacgasco commented: �Sacgasco is pleased that sales of gas from Dempsey have commenced. The production and sale of natural gas is part of an extended production test of the currently perforated zone in the Dempsey well to better understand reservoir characteristics. This is a momentous event as this is the first time natural gas from these older strata have been produced and sold in the northern Sacramento Basin, and represents a significant step in the Sacgasco-led evaluation and realisation of the potential of the under-explored parts of the Basin. The process for planning and permitting the enhanced stimulation of the currently producing zone in the well is proceeding smoothly with the guidance of the highly experienced team of advisors and suppliers assembled for this process. Their initial feedback is very encouraging. In the meantime we are actively pursuing ways of further increasing shareholder exposure to the prolific Sacramento Natural Gas Basin through workovers of existing wells and acquisitions of additional natural gas wells and infrastructure�.

In summary kinghomer- I will take your advice and believe you are only here because this is a good share. You can�t really argue otherwise because you posted before to ignore people such as yourself. I�ll put your name forward for joke poster of the year in the annual awards