Sacgasco Limited (ASX: SGC) is a Perth-based energy company appraising, developing and producing clean oil and gas assets in onshore California, Canada and Philippines.

Sacgasco’s Strategy is to find and explore under-valued and under-evaluated (and recently overlooked) opportunities connected to materially under-supplied oil and gas markets. 

SACRAMENTO BASIN

The Sacramento Basin has significant development upside because underlying gas potential has been overlooked by operating companies which produce from the widely recognised existing shallow petroleum systems that have produced over 11 Trillion cubic feet (Tcf) gas.

CANADA

Sacgasco Ltd has added to its arsenal of producing gas assets in the Sacramento Basin, onshore California after acquiring a 30% non-operated working interest in the 1000 barrels of oil per day (bopd) Red Earth asset, consisting of six oil fields and associated infrastructure in Alberta, Canada. Regulator approval for the transaction is expected shortly.

PHILIPPINES

Sacgasco has closed on the acquisition of a 70% Working interest (WI) in oil and gas producing assets in offshore Palawan Island, Philippines.