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SACGASCO LIMITED (SGC)

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ASX, Legal & CGT Status

Former (or subsequent) names

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COMPANY WEBSITE:

 

REGISTRY:

Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000SGC8
Address: Level 1, 31 Cliff Street Fremantle WA 6160
Tel:  +61 8 9435 3200Fax: +61 8 6444 7408

Date first listed: 11/10/2005

Sector: Energy Industry Group: XEJ
Activities: Oil and gas exploration in Australia and US

News & Events

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The suspension of trading in the securities of Sacgasco Limited will be lifted immediately, following the release by SGC of an announcement regarding a resource report on the Borba 1-7 well.

17/02/2021

Borba 1"7 well to spud this week. Maiden Independent Prospective Resource Assessment completed. Multiple stacked conventional sandstone objectives able to be tested with a single well with a Geological Chance of Success of 70%. Mean unrisked recoverable gas Prospective Resource for Borba of 141 BCF (100%). Low risk play"opening well to explore "Tcf"potential" geological trend. Sustained A$5/Mcf gas pricing on the US West Coast enhancing value.

17/02/2021

The securities of Sacgasco Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of SGC, pending the release of an announcement regarding a resource report on the Borba 1-7 well.

17/02/2021

The suspension of trading in the securities of Sacgasco Limited will be lifted from the commencement of trading on Friday, 29 January 2021, following the release by SGC of an announcement regarding an acquisition.

28/01/2021

The company releases a notice of Proposed issue of Securities - SGC.

28/01/2021

Acquiring a 20% working interest in 500 BOEPD (100%) from Reactivated Oil Fields in Alberta, Canada: Sweet Oil (86%) and Natural Gas (14%). Sweet Oil (86%) and Natural Gas (14%). Purchase Price: CAD 500,000 cash (~A$510,000) and 1.92 million SGC shares at an issue price of 7.3 cents each (A$140,000). Remaining Proved Reserves of 3.7 million BOE (100%) estimated by Independent Evaluator at 31 December 2019. To be Operated by efficient, low cost private Operator which provides local synergies. Acquisition funded from existing cash, with Effective date of 18 January 2021 with Closing Date prior to 10 March 2021. Drilling of Borba natural gas prospect is Sacgasco's key priority with preparations being finalized.

28/01/2021

The securities of the company will be suspended from quotation immediately under Listing Rule 17.2, at the request of SGC, pending the release of an announceent regarding a material acquisition.

27/01/2021

The suspension of trading in the securities of Sacgasco Limited will be lifted immediately, following the release by SGC of an announcement regarding an acquisition and a capital raising.

20/11/2020

The company releases a notice of Proposed issue of Securities - SGC.

20/11/2020

Acquiring 30% working interest in 1,000 BOPD from Producing Oil Fields in Alberta, Canada: Sweet light oil with an average oil quality of 39o API from Keg River Formation; Purchase Price: CAD 600,000 cash (~A$640,000) and 8.85 million SGC shares at an issue price of 4.0 cents each (~A$350,000): Purchase price metric: ~US$2,400 per flowing BOPD. Remaining proved reserves of 4.4 million BO (100%) estimated by Independent Auditor at 31 December 2019: Purchase price metric: ~US$0.55 per BO of Proved Reserves. Extensive Owned infrastructure. To be Operated by efficient, low cost private Operator which provides local synergies: Production is Cash Flow positive at current oil price; Potential to Grow Production and reduce OPEX through early operational activity; Exploration and Development Locations provide large upside. Acquisition fully funded through placement of $2,300,000 of SGC shares at 3.5c per share. Expected close by 31 January 2021, subject to Alberta Energy Regulator (AER) approval. Drilling of Borba Prospect remains the key priority for Sacgasco with preparations ongoing.

20/11/2020

The securities of Sacgasco Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of SGC, pending the release of an announcement regarding an acquisition and a capital raising.

18/11/2020

name changed from Australian Oil Company Limited

04/11/2015

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    18/05/2022Andrew Childs400,000$0.022$8,605
    10/05/2022Andrew Childs1,000,000$0.020$20,000
    10/02/2022Andrew Childs200,000$0.024$4,790
    03/02/2022Andrew Childs800,000$0.025$20,093
    14/12/2017Philip Haydn-Slater1,000,000$0.085$85,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Kane MarshallManaging Director17/07/2023
    William AshbyNon Exec Director07/04/2022
    David McArthurNon Exec Director, Company Secretary02/05/2024
    Jordan McArthurCompany Secretary

    Date of first appointment, title may have changed.

    SPECIAL NOTE: During May 2024 we are working to remove duplications in the Company Secretary role.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Andrew ChildsChairman25/11/200830/04/2024
    Gary JefferyTechnical Director24/10/201303/04/2024
    Joanne KendrickNon Exec Director01/06/202107/04/2022
    David McArthurNon Exec Director16/11/201601/06/2021
    Gregory ChannonNon Exec Director03/12/201818/08/2020
    Graeme ClatworthyDirector02/08/201803/12/2018
    Philip Haydn-SlaterNon Exec Director02/02/201702/08/2018
    Keith MartensNon Exec Director14/06/201116/11/2016
    Aqeel VirkNon Exec Director08/07/201531/07/2016
    Mark OhlssonDirector01/05/201306/05/2014
    Ian TchacosNon Exec Director09/04/201001/05/2013
    Joseph JagelmanManaging Director02/05/200529/02/2012
    Grant JagelmanManaging Director02/05/200529/02/2012

    Date of first appointment, title may have changed.