WGO 0.00% 35.5¢ warrego energy limited

Come out from under Strikes marketing blanket, page-8

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    Here, the CEO of Prospect talks about the recently purchased asset (El Romeral) in Spain (5:00-14:00).
    *They are initially planning to drill three wells. There are nine prospects all together.
    *One or two new wells may be enough to get the plant to full capacity. Currently the electricity plant is running at around 20% capacity.
    *They may be able to sell the excess gas if they get more gas than needed.

    https://www.voxmarkets.co.uk/articles/hummingbird-resources-prospex-oil-gas-clear-leisure-1f463e4/

    My interpretation is that these three wells will be drilled quickly, probably before they start drilling in Tesorillo. They don't have the licence to drill in Tesorillo yet. Tesorillo has much more propective resource than El Romeral (around 10 times more).

    Probably around 1 mmcd gas per day is enough to get the El Romeral electricity plant at full capacity because the flow rate now is '0.14mmcd net' and it is at 20% capacity.






 
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