Sagalio Energy Ltd (ASX:SAN): announcements explained, share price and valuation

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

1 Sept 2015drilling result▲ GoodMajor

Consultant MHA reports on the first eight development wells in the Marleysu East Yizbaskent oilfield, Kyrgyzstan. Seven wells found oil in Layer III; five were producing by 30 May 2015. Sagalio holds 60% of these wells, partner Kyrgyzneftegaz 40%. Layers V and VII are untested.

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