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.
SGC is targeting substantial gas production to initially supply the 2.5 Tcf per year demand of the local Californian gas market, and later supply to the burgeoning North American LNG market. The Company’s increasing gas production complements an extensive portfolio of appraisal and exploration stage gas prospects; including a number of multi-Tcf opportunities in the proven Sacramento Basin.
|SACGASCO LIMITED – Capital Structure|
|Unlisted Options, exercise at 10c, expiring 30-Sep-19||11, 000, 000|
|Unlisted Options, exercise at 15c, expiring 30-Dec-19||27, 500, 000|