Sacgasco Ltd (ASX:SGC) managing director Gary Jeffery speaks to Proactive Investors about the Perth-based gas company’s Sacramento Basin operations in California.
“We see lots of opportunity in that basin. The shallow part of the basin has produced close to 13 trillion cubic feet of gas and in excess of 11 trillion cubic feet,” Jeffery says.
He continues, “there are thousands of wells in the shallow part of the basin, yet the deeper part of the basin is very underexplored – and that’s our opportunity.
“Initially we’re focused on a million acres in the northern part of the basin which we think can be very prolific and hold a lot of world-class gas potential.”