Thank you for all ur comments Energy, JGPM, doc70 & PSI80.
Excellent and demonstrating intimate knowledge of this stock. Very much appreciated.
PSI80, "tight" gas, is a good observation however despite this, it really accentuates my point. That is, it seems WCL is not "doing what it takes" to make their company & its shareholders profitable. They are going thru the motions but "doing what it takes" is what separates the men from the boys. Reminds me of where CTP was until they ousted JH & put in Mr Cottee.
So i would like to ask, a) Have they been engaging companies (at home or o/s) with the technology that can help them with their problems? Low cash is no excuse either, with the assets they have.
b) If they have these problems, have they been developing their other sites to make up for lacklustre numbers in Gladstone?
JGPM, maybe you know something about this too since you say:
"but production will ramp up from here on in once they secure new gas sales agreement",
do they have the tech to process this "tight gas" now?
What about there other sites? Just letting 'em grow grass? very much looking fwd to ur replies, sincerely arpC
WCL Price at posting:
28.5¢ Sentiment: None Disclosure: Not Held
