Sacgasco to raise cash for Borba and acquisition

ASX-listed Sacgasco and its joint venture partner in the onshore California Sacramento Basin, Xstate Resources have both gone into trading halts today.

Sacgasco to raise cash for Borba and acquisition Sacgasco to raise cash for Borba and acquisition Sacgasco to raise cash for Borba and acquisition Sacgasco to raise cash for Borba and acquisition Sacgasco to raise cash for Borba and acquisition

Sacgasco and Xstate hold 76% and 24%, respectively, in the Borba 1-7 production well within the Sacramento Basin.