SGL ricegrowers limited

benefits from queensland gas deal, page-3

Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##
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  1. RavingStark
    1,020 Posts.
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    05/02/08
    11:04
    Post #: 3320480
    Giday Malay, The QGC deal underline the value of SGL's vast acreage in an environment of heightened demand for CSG gas. Having AJL onboard is a bit of a coup for SGL in that they have secured drilling rigs & personnel that are likely to be in even tighter supply following the QGC deal.
    A combined development of AJL's Gloucester project & SGL's Hunter project has the potential to form the basis for a significant gas-based development based on Newcastle. This is in addition to the big upside at Camden that AJL's advanced drilling techniques seem likely to accelerate - to SGL's benefit.
    I hold both AJL & SGL.
    SGL Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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