PROJECT AREAS

Exploration in California, Alberta (including Helium) and Palawan Basin

Increasing Production in Canada and California with Production enhancement opportunities available

Reserves / Resource Assessment underway in Palawan Basin leading to Appraisal and Early Development Opportunities in Palawan Basin, Philippines

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 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.