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Ann: Update on Legal Proceedings, page-39

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  1. 7,782 Posts.
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    SGC has a special report on it by the usual suspect whom has modest holdings in SGC... see link here

    SGC have not said anything about size of the prospect nor acreages held..

    the special reports author fails to declare how it concludes  to calculate and delineate the size of the ANSUZ  prospect, nor does it clarify if the JV indeed holds any acres over the prospect, but despite that it gives a estimates of the following

    2P  250 BCF  (NPV of $250 mill) and states a 35 Bcf discovery would give a value of $7 mill to SGC

    discovery value per share to XST  @ 24% WI   $ 0.033 and Total risk adjusted value of $ 0.005 per share

    all imho and dyor
 
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