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35.5¢ warrego energy limited

Ann: Warrego acquires operational gas power project in Spain, page-8

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Fudley61

2,613 Posts.

436

17/12/19

15:08

Post #: 42011962
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Originally posted by jules1970: ↑

While quite small, they obviously believe there is potential to scale up with success at Tesorillo.
I dont mind this at all, it shows confidence and a longer term plan for Spain.
The earnings from a small power plant like this are insignificant in real terms, the real value is in the positioning and education from operating in a target country.
The low entry cost makes this a low risk and worthwhile bet in my opinion.

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Opens the Diplomatic/ Negotiating channel. Gives access to Government that maybe the drilling programme approvals need

WGO Price at posting: 19.5¢ Sentiment: Hold Disclosure: Held
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