SACGASCO HAS USED ‘DISCOVERY THINKING’ TO BE STRATEGICALLY PLACED TO UNCOVER
THE SACRAMENTO BASIN’S NEXT WORLD-CLASS CONVENTIONAL GAS DISCOVERY
Sacgasco Limited (ASX: SGC) is a Perth-based energy company focused on conventional oil and gas exploration, development and production onshore California.
“The history of oil and gas exploration demonstrates that some of the best places to explore are in and around existing production areas.”
Revisiting mature areas and applying a truly investigative approach to geology has resulted in huge discoveries of oil and gas over time.
Buzzard Oil (North Sea), Zohr Gas (Egypt), Gunslinger Oil (California) and Edvard Grieg and Johan Sverdrup Oil (Norway) are a few examples of Major to Super-Giant discoveries in industry-labelled mature areas since 2000.
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 LNG market on the west coast of North America. The Company has an extensive portfolio of appraisal and exploration stage gas prospects, including a number of multi-Tcf opportunities in the proven 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.