I agree that 1.8 STX for 1WGO is too rich but 1.2 STX for 1 WGO is not enough .
STX assets in the Cooper Basin are of an unknown value but the market is not excited about them .
The other permits that STX have on trend in the Perth basin have good potential but of course have to have a lot of exploration dollars spent and exploration is a high risk business as everyone knows .There is no such thing of a 100% COS in drilling an exploration well , nature can be very fickle .
The market is adverse to giving a lot of value to potential at the moment .
Maybe a large oil and gas company will come along and snaffle both companies up during this time of maximum uncertainty .
The reserves and the exploration potential presently look cheap to me .
- Forums
- ASX - By Stock
- WGO
- STX + WGO = ENORMOUS
STX + WGO = ENORMOUS, page-38
-
- There are more pages in this discussion • 46 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WGO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online