WGP westralian gas and power limited

riddle 11 oil producing spec 9million mcap

  1. adz
    263 Posts.
    Is anyone else looking forward to further production information regarding the Riddle #11 well?
    Based on flow rates released by the company in May 07; this well alone should have produced between AU$400,000 a to $1,000,000 worth of crude oil to date.
    Not bad for a spec with a market cap of $9,000,000.
    It makes sense that the company is clearing the areas around Riddle #11 for more wells and securing the adjacent leases - this area is the key to initial cash flow imo.
    I notice the director's caps are being bitten into occasionally?
    -all in the announcements.
 
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