focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Lo 17p.....I'll be happy if it hits 14p
acgasco Limited (ASX: SGC) advises that flow-testing of the Dempsey 1-15 well from the field level Kione Zone has produced a commercial gas flow rate of 1 million cubic feet of gas (1,000 Mcf/day). The flow rate is very encouraging as it is water free natural gas, flowing through a 12/64” choke with flowing tubing pressure of 1140 PSI, and surface shut-in pressure exceeding 1300 PSI. Operational considerations meant that perforating the Kione Zone ahead of Zone 4 would deliver significant benefits for the perforating of Zone 4 sands. Zone 4 testing preparations are underway. After testing Zone 4, Sacgasco plan to combine production from all flowing tested zones in the Dempsey 1-15 well; and anticipates very early cash flow as the gas sales infrastructure is already connected to the Dempsey well. Sacgasco previously announced 4 gas saturated sand intervals at the field production level at Dempsey. The tested zone in the Kione referred to above is just one of those reported zones. Other intervals will be perforated at a future time to be determined by operational considerations. Options for testing of various other intervals in the Dempsey Well bore are being maintained.
1mcf lol
Wake up Gazza commercial gas flow from Dempsey.....can someone get the rns link
Anything......sshh
Hahaha
She's been squeaking for a while, nothing's happening.
Exactly, this was nothing more than a pump and dump. GJ released an RNS every night regarding gas shows....was he deceiving us ?
Thanks Orchy, for a very valuable post, makes a change from all the usual rubbish. I find it hard to believe how people don't find it relevant LOL.....how are ya been Gazza
Sacgasco Limited – Trading Halt Description The securities of Sacgasco Limited (the ‘Company’) will be placed in trading halt at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Tuesday, 1 May 2018 or when the announcement is released to the market.
Lol gazza, I can't even find page two
Where does it state capital raising ?
Cause the leader of the pack is GJ and he is highly incompetent. Its evidently transparent from the last six months.
We you can rule the first instance out, cause all the other companies who have a slice of Dempsey aren't suspended so therefore it means it's not Dempsey related. We know SGC need the cash, so it is going to be a raise ? I think that is bad timing their sp will fall around 2/3 major fall coming for them ?
It has to be a capital raises, none of the other shares are suspended.
My not find out till Tuesday :( let's hope it's not a capital raise.
orchy, leave gazza, he's lost the plot today lol....I've told him to relax first thing in the morning.
Relax gazza relax
This sp gets played like a yoyo
I've had enough of this bull **** share, where management don't give a damn and the sp continues to fall. I guess you can blame this failure partly on SGC some need a 100% to break even that's what you call a disaster.