Sacgasco Limited (AU:SGC) has released an update.
Sacgasco Limited has announced a successful capital raise of $734,336, revealing plans for future growth, including a potential name change to Australian Oil Company Limited. The company is in discussions to finalize a gas sales agreement that could lead to the development of the Borba gas pool in California. Additionally, it reported net production from its Canadian assets of 18,333 barrels in the June quarter, while also addressing an outstanding payment of $900,000 USD from Blue Sky Resources Limited for the divestment of several subsidiaries.
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