WGP 11.1% 1.0¢ westralian gas and power limited

chart upside, page-26

  1. 1,136 Posts.
    Ok found some stuff... I'm not overly impressed with the company. The location of it tenement is mile from red gully. Its JV for AWE to explore its EP 455 has 10% interest. In order to explore its DR 11 it will need another JV or something. If it negotiates 10% then... Well... The big boy chunks into the EGO stock might not occur here quite as eagerly.. WGP's tenement coverage over the Basin area is veyr small compared to EGO's.... The WGP MC is still quite small and the market for O&G is presently quite good.. Still trying to dig up some closer regional O&G exploration results to see if there is a favorable geological trend in the area..

    As a punter, I reckon WGP MC could have a bit of juice in yet but I won't hold me breath for too long. I'f I owned stock now, I'd probably hold for a roller coaster ride...

    Just My Op....
 
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Currently unlisted public company.

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