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Company News
Sacgasco confirms Borba 1-7 well could help meet California’s natural gas demands
Results from flow testing of conventional Kione sandstones at the Sacgasco (ASX: SGC) operated Borba 1-7 well in onshore California has confirmed it could help satisfy the state’s growing appetite for natural gas. The test work, which commenced in February, demonstrated well flow at a stable rate of 1.6 million cubic feet of gas per […]
The growing flow of improvement for Sacgasco in California
Junior oil producer Sacgasco (ASX: SGC), a conventional on-shore oil company operating in California, has told the market it has achieved a 70% improvement in production growth during the current quarter, from its 12 active production wells out of a total of 26, in the Northern Sacramento Basin. Sacgasco told shareholders gross production has “increased […]
Sacgasco flows more gas from Dempsey project
Onshore natural gas explorer and developer Sacgasco Limited (ASX: SGC) today announced additional flows from its Dempsey gas well, confirming the onshore Californian project as a significant discovery. The company said a second zone of gas has flowed dry natural gas and no water, with initial shut-in pressures exceeding 6000 psi. Sacgasco believed these flows […]
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