SGC 0.00% 3.9¢ sacgasco limited

SGC - Chart, page-4

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    The Alvares Project is based on the Alvares-1 gas discovery well, overlooked while drilling for oil in 1982.

    Alvares intersected a large column of high pressure gas.

    This prospect is mapped as a large gas trap and confidence is high that gas flow rates will be economic and conducive for further development work.

    The project is estimated to have a total un-risked recoverable prospective resource on a best estimate basis of approximately 2.4 Tcf (400 million boe) in the gas filled strata circled in yellow at around 2,500 to 3,000 metres below the surface.

    So with the potential initial prize of 40% to 50% (SGC share) of over 3 Tcf of pipeline quality natural gas firmly in its sights, let’s have a look at how much all this could cost SGC.
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