Ann: Weekly Drilling Update , page-10

Hi Tui, do you think BOW would be interested in acquiring WCL?

WCL has been on my watchlist for a while now, it appears workmanlike in how it goes about getting things done. 1000PJ 3P seems a round number, however unlike BOW they don't seem to give definite timelines.

At 3P valuations of approx 30cJ, WCL would seem to be valued around what reserves it has (211PJ). With the number of shares on issue, and when it realises it's 1000PJ target, there is room for significant upside here.

Is the Gallilee Basin tenement close to existing infrastructure?

Mr D, watching.