WGO 0.00% 35.5¢ warrego energy limited

Ann: Cerro Padilla-1 Update, page-49

  1. 3,640 Posts.
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    Drilling has not started and until it does it has not started - I doubt they will recommence this week.

    This is a wild cat speculative play by some a rookie company mad enough to drill an area that has not been drilled in 40 years because there is pretty much only billions and billions of barrels of
    basalt down there.

    If you want proof read what MD Casey stated today:
    “while it’s obvious some of the complexities and unexpected difficulties around pulling everything together for the first onshore drilling programme in 40 years have resulted in delays"

    If you do not hear the alarm bells here then you are an ostrich with your head deep in the sand with the basalt.

    See the basalt below and the price of it here:
    https://www.business.com/articles/basalt-stone-pricing-and-costs/

    There would need to be trillions and trillions of barrels of basalt to validate the current MC!

    Basalt.jpg
 
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