Company
ASX:SGC
Sinclair Gold Ltd is a Western Australian gold exploration and development company focused on unlocking the full potential of the Mt Henry Gold Project, located in the heart of the Eastern Goldfields. Mt Henry hosts a JORC (2012) Mineral Resource of 24.5Mt at 1.2g/t Au for 915,000oz of gold, with the Mt Henry, Selene and North Scotia deposits positioned along a highly prospective 16-kilometre mineralised corridor.
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The intersected gas shows are in sandstones which are correlative with the productive locally named Knight Sands and underlying Basal Kione Gas reservoirs that produced Natural Gas from the adjacent Ord Bend Gas Field.
The conference continues today, with highlights including a presentation from Santos on how becoming the lowest cost operator delivered growth to the company.
The funds will be used to complete drilling at the Dempsey well, onshore California.
The halt will remain in place until Thursday 7th September 2017.
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Drilling continues but in the meantime Empyrean has revealed that significant gas shows have been identified in mud logs
“We are delighted that the drilling of the Dempsey well is progressing well and continues to meet its targets," Tom Kelly said
“This is an exciting time for Empyrean and we look forward to updating our shareholders on the drill progress over the coming weeks."
“This is a very exciting time for Empyrean," said chief executive Tom Kelly.
The halt will remain in place until Tuesday 28th March 2017.
The company is acquiring 13 additional natural gas wells.
Sacgasco (ASX:SGC) is preparing to reveal details of an acquisition, with the ASX granting the company a trading halt to prepare.
Sacgasco (ASX:SGC) has secured a farm-in partner, Bombora Natural Energy, for its large, conventional Dempsey Gas Prospect located in the Sacramento Basin, onshore California.
Sacgasco (ASX:SGC) has been granted a trading halt by the ASX, pending details in connection with a farm out of the Demspey prospect, which is located in the Sacramento Basin of California.
The halt will remain in place until the opening of trade on Monday.
