more to wgp than oil in kentuckey, page-3

Dudes, I thought that again for those disheartened souls who bought WGP at much higher prices only to see WGP drop to close at 14c.

At 14c the capital value is only $9 or so million. While many will argue with me and disagree and claim that WGP is just a 'mug oil speccy', those holding should do some research on Kentucky oil and find that these micro oil wells are all over kentucky to the point that they are marketed to individuals as investments for super funds.

The debacle and bad sentiment created by the press release has clouded a lot of peoples judgement. Having read the potential about the Kentucky oil wells, I can see no reason why WGP doesnt start producing significant levels of revenue. It is now a waiting game,

But to me the real potential in the ERM farm in and the free carry. ERM are all over Australia setting up power stations. So they are serious and have serious money so when the news of results comes through, WGP should do well outof this exercise. But again it is more wait. And then we have the ROC joint venture. Again this could be huge, But again ewe need to wait for this.

So do some research and please let me know if you find something else.

And the directors selling shares - well wasnt the best thing to do but they didnt sell everyting nor have continued to sell on the way down.

Hope you can wait for the next news. They have cash and will be interested in what they are going to do with it.