Sacgasco Limited Auditor Raises 'Going Concern' Doubt

Sacgasco Limited is an Australia-based energy company. The Company is engaged in oil and gas exploration with associated natural gas flows as a by-product in California; oil and gas exploration, production and development activities in Canada, and oil and gas exploration, appraisal, and development in the Philippines. The Company has a portfolio of gas prospects in the Sacramento Basin. The projects located in the Sacramento Basin onshore northern California include Dempsey Area, Borba, Los Medanos, Malton, Dutch Slough Gas, Rio Vista Gas and Alvares Projects. The Company has working interests in over eight gas fields in the Northern Sacramento Basin and is the operator of wells in over seven of its fields. The Company holds a working interest in Red Earth oil producing asset, which is located in Northern Alberta, Canada and consists of over six oilfields and associated infrastructure, which are located approximately 450 kilometers north of Edmonton.