SGL ricegrowers limited

activity report

Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##
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  1. 3,559 Posts.
    ACTIVITY REPORT
    SECOND QUARTER TO 31 DECEMBER 2007

    QUARTER HIGHLIGHTS
    Gas sales volume this quarter was 23% higher than the comparable period in 2006/07.
    EM38 which started producing on 19 December 2007 recorded instantaneous flow rate of 1,250 Mscfd during this quarter.

    PRODUCTION & SALES
    Production and sales from the Camden Gas Project with JV Partner, AGL continued during the quarter.
    Production (SGL Interest: 50%)
    �� EM38 was the best Surface to In Seam (SIS) well this quarter producing above 900 GJ per day.
    �� GL06 delivered the highest individual vertical well production of 800 GJ per day during the quarter.

    Sales
    �� Total sales volume (i.e. 100%) from Rosalind Park Gas Plant (RPGP) wells during the quarter was 1,307,787 GJ (1,307.787 TJ).
    �� SGL’s share of total gas sales for the quarter was $2.16 million.

    DRILLING
    �� During this quarter, 2 In-seam wells were drilled in the Bulli seam. Well MP30 was drilled 1,850m in-seam. Well EM38 was drilled 2,600m in-seam.

    Looks good, why is the SP so low?
    Read whole report to appreciate

    Angers
 
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