WGO 0.00% 35.5¢ warrego energy limited

joke, page-164

  1. 37,911 Posts.
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    based on the STX info, it looks like they are drilling two more wells (#3 & #4)

    these two wells will probably allow them to upgrade their gas resource to P2 Reserves

    then they can become a more clear takeover target

    therefore, looks like more capital raising & more drilling in the near term

    since the most recent WGO quarterly report says WGO spent $4,870,000 on the drilling, obviously STX already spent the 1st $11 million of the original deal with WGO

    in the long term, if a takeoever does not occur, planning up to 75TG/d production to start in mid-2022
    Last edited by ddzx: 19/11/19
 
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