Sacgasco Limited (ASX: SGC) is an Australian-based energy company focused on under-explored, recently over-looked, world class oil and gas opportunities near under-supplied markets.
Sacgasco’s Natural Gas activities include Hydrogen and Helium.
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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 holds a 70% Working interest (WI) in oil and gas producing assets in offshore Palawan Island, Philippines covering 4 Service Contracts over 1,470,000 hectares including 6 oil discoveries.
SGC $0.021