LNG

Feb 7 (LNGJ) - Australian company Sacgasco Ltd is pushing ahead with its acquisition of natural gas wells in the Sacramento Basin of the US state of California. Sacgasco has signed an agreement to acquire 13 additional operated natural gas wells in the basin from ABA Energy Corp. of Bakersfield, California. “This transaction adds complementary and strategic value to Sacgasco as it gives us access to additional operated leases, production, gas infrastructure facilities and top quality seismic data to pursue our goal of becoming a major producer of natural gas in energy-hungry California,” said Sacgasco’s Managing Director Gary Jeffery.