WEL Float, page-9

From what I was reading there is no reference to production in the prospectus so in the short term this is about the drilling and lease acquisitions. Production on any future positive drill results will require more capital to be raised which IMO would be years away from current objectives. Hopefully the oil price would have recovered by then and make this all worthwhile venture. I think we are in good hands here management wise so after the slow start of 2014 all going well things should start to ramp up in 2015. All in all the shares are tightly held and the weakness we have experienced IMO are by traders who wanted to stag the IPO and since it fell flat they just want out even if it is at a small loss.