Rusty388
I’m now only a holder of WGO but believe that both STX/WGO are inextricably linked all be it from a distance. What one does or doesn’t do will have a baring on the other. Like you I’m not trying to down ramp the SP on any shares just raise a comment or point of view
If you mention STX on a WGO thread a number get their knickers in a twist as they really don’t see that there is a ying & yang effect (or affect) never get that right.
1) I believe they will both need short term cash before we get confirmation of flow rates.
2) After a positive Flow Rate both will be out for a CR bigger numbers to allow them to stave off an unwanted low ball take over attempts and to progress with the field development.
3) I do not see WGO aligning in anyway with STX unless there is a significant improvement on Jaws. If this could be proved up with some concrete flow rates then it might become a lever but it would be to risky for WGO shareholders to enter into a merger with STX on the hope that Jaws will produce commercial flows of gas.
4) Only once they have a successful large funding round will we see how they play their hands.
5) If they are both funded up then we will see what appetite the big boys have to take them out.
6) I don’t see a multi Nat farming in but who knows.
All in all well done to both management teams and long term shareholders to get us to this point, here is hoping we will see a doubling of the SP in the next 12 weeks and then have a clearer view on what the strategies or options are for the next step.
I have been in for 9 years not looking to exit anytime soon, however willing to listen to anyone’s alternative exit strategies.
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