The following is from NHC half year announcement this morning.
Read the last sentance, i wonder if these guys are interested in taking out the remainder of WCL.
Here's hoping.......
Diversification into oil and gas New Hope c o mpleted the acquisition of Bridgeport Energy in August 2012. Highlights of Bridgeport’s operations since the ac quisiti on was completed include: ? attributable oil production of 16,833 barrels; and ? after the end of HY2013, intersecti on with oil in all six holes drilled at Inland and Utopia. These wells were completed for production and will be brought online over the next quarter. The acquisiti on of Bridgeport provides the company with diversification benefits outside of thermal coal production and will deliver more attractive marg ins than coal operations over the coming six months. Through Bridgeport, New Hope plans to accumulate additional oil and gas tene ments with existing or near-term production possibilities.
WCL Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held