SGC 3.23% 3.0¢ sacgasco limited

A point on the recent transaction that I think should not be...

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    A point on the recent transaction that I think should not be over looked is that its is 2000 BOE (Barrel of Oil Equivalents) I.e Oil and Gas. So its not a simple as 2000 x netback of oil. Typically 6mcf is equated to a BOE, the reseverse has the NGL ratio of 28% so if this is replicated in production 560 Non gas liquids and 8640 mcf (9.162 TJ/d). This is still good production but people need to be better informed when make broad comments of 2000 x $20 netback it is more complex than this. In saying my calcs show that this acquisition has good earning potential but I would definitely like more detail from the company and will be needed if they want to bring in new long term investors.
 
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