Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
' In the absence of further guidance from Sacgasco around potential size of the Anzus prospect, Stock Analysis sets an initial 2P target of 250 bcf, which is estimated to have a value of 19cps to SGC.
Even a 35 bcf discovery is estimated to underpin the companys' market capitalisation of just $ 7 million '
Please find attached the Special Edition Report on Sacgasco released by Peter Strachan of StockAnalysis
http://www.sacgasco.com/wp-content/...-Special-Edition-on-SGC-26-September-2018.pdf
Yes, PCL's price has sadly taken a tumble.
ONGC more intent now on SAVP Niger assets if its' a bidding war against the Chinese conglomerates ?
Tullow / PCL have announced Cormorant 1 as a dry well.
ONGC Videsh the Indian conglomerate allegedly looking at SAVP Niger assets hold a 30 % WI.
Brilliant ! Well done happysparrow. This is tremendous.
Art 123, update on Alvares potential : GJ interview after Good Oil conf :
Dempsey first, then Alvares :
https://www.youtube.com/watch?time_continue=4&v=15tLYhcFyfw
Gary Jeffreys SGC presentation : Thursday 13th Sept 2018
https://www.youtube.com/watch?v=k3S1QkHJO-I&feature=youtu.be
In April this year, AK advises they will 50 % of Niger assets. After 4 successful wells ( Zomo 1 result approx 5th to 10 th Oct ) what price Zengas would you put on these now ? And how would they agree which assets to sell : 50 % of R1 and R2 and / or. 50 % of R3 and R4 ?
Then bring Sinopec and ONGC into the equation..
RH, as a matter of interest. Do have a look at the Anzus project on the Sacgasco website and advise your thoughts if you wouldn’t mind. Quite seriously. It does appear to be exceptional.
Gazza. 30 % WI.
I hope more detail will be provided at the presentation today, inc. EME involvement if any, will update if there is.
Gazza, of interest : New Prospect identified at Sacramento: ANZUS.
SGC Good Oil presentation : today Perth.
https://hotcopper.com.au/threads/ann-good-oil-conference-2018-presentation.4430018/?post_id=35577377#.W5nqiehKjLs
Positive plus a new Prospect : ANZUS
Anzus Prospect :
✓ Interpret better sandstone reservoirs; Turbidite Channels
delineated from Seismic are interpreted to provided
better reservoir porosity and permeability
✓ Expect more sands and gas based on relative Seismic
Attributes- Compare Dempsey and Anzus
✓ Encouraged by Amplitude conformance to structural
closure out of channel intervals
✓ Cost expected to be significantly less than benchmarked
drilling in California
✓ Evaluating stratigraphically similar zones to the 5,000 feet
of gas saturated rocks in the under-explored strata at
Dempsey, but
✓ Refined interpretation of geology and geophysics from
Dempsey results has modified model for future
conventional reservoir Targets at Anzus 1 and Dempsey
✓ Resource style targets are still regarded as secondary to
conventional sand dominated reservoirs
✓ Stacked conformance of seismic anomalies is significantly
greater at Anzus than at Dempsey 1-15 well location
✓ Prospect is Adjacent to Natural Gas Pipeline Infrastructure
We need a bidding war now .......
Savannah Petroleum
I don’t normally comment on articles in local newspapers but the avalanche of inbound very recently from various sources in Niger leads me to write something.
The papers are suggesting that a number of companies may be in discussions with SAVP with regard to farming-in to its Agadem Basin discoveries as well as possibly buying in to the company’s Uquo and Stubb Creek fields in Nigeria.
These companies include Indian NOC ONGC, who has been linked with the area for a long time and Sinopec as well as Chines companies Sinopec and Zhenhua.
Whilst I havent spoken to SAVP it has always been on the agenda for them and it wouldn’t surprise me at all if one of these ‘stories’ came to fruition,
if they did it would prove up the significant value which the market has yet to crystallise, watch this space…
Malcy's Blog: Oil price, President Energy, Echo Energy, Savannah Petroleum, Genel, IGas, Chariot And finally...
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Gazza, agreed, there’s a lot taking place though in the Sacramento basin with the work over activities, Alvares etc which could materially affect EME’s share price if successful. Alvares has a 2.5 Tcf potential, Dempsey has the deeper zones. It could turn on a sixpence.
Andrew Child’s, Director, SGC takes ASX $ 32,000 of SGC shares. All positive.
Gary Jeffrey's presentation on SGC is this next Thursday 13th September at the Good Oil Conference, Perth.
2.05pm Sacgasco Ltd SGC
Gary Jeffery - Managing Director
A 1,071,200 BUY a few moments ago being indicative of this. Please DYOR of course.
Amongst all the positives this was the only ' fly in the ointment ' but SGC appear confident of it being cleared ;
'Following the previously announced recommencement of gas production from the Dempsey 1-15 well, some water accumulated in the well bore and reduced gas production. Production of gas from the Dempsey well has been shut-in temporarily for pressure build-up as a means to clear water from the well bore before recommencing gas production'
https://hotcopper.com.au/threads/ann-alvares-testing-and-operations-update.4397888/?post_id=35281517#.W4co--hKjLs
Alvares 1 Testing and Operations Update
• Alvares Re-entry planned for early next quarter
• Dempsey Production Testing
• Pending Workovers
• Opportunities for additional Oil and Gas Operations
• Natural Gas Prices Rising
Sacramento Basin-focused natural gas developer and producer, Sacgasco Limited (ASX:SGC) (“Sacgasco” or “the Company”) provides this operations update on its activities in the Sacramento
Basin, onshore California.
Alvares Appraisal Project:
Following the successful transfer of responsibility for the Alvares wellbore to Sacgasco, regulatory approval to test the interpreted over-looked natural gas in the Alvares 1 well has been obtained.
Fig. 1: Alvares location in open ranchlands; more detailed image on the right shows that the original 1982 drilling pad is still evident, and can be restored for planned re-entry
Prove up large gas resources by appraising extensive natural gas shows in a 1982 etc :
The only schmuck on this forum is a certain poster who doesn’t know when to wind his neck in and should now disappear back down the deep hole he’s dug himself in and something something for good.
A very solid RNS has just been released from SGC, please refer to Hotcopper B.B. or SGC website.
‘This will seriously be life changing for some people if they are in for the journey and not just a quick profit’
Agadem, fully agreed. As the PM is meet Pres. Buhari with the British Trade Delegation this morning, hope amongst hope the SAVP / 7E signing is announced during her speech at lunch. Irrespective, the HoC invitation bodes well ~ much to the chagrin of certain posters on this forum lol