i can't see this tanking wgo sp. the existing committed drilling campaign will proove up the resource.and all wells will be drilled as producers and if they flow as anticipated there will be more than enough gas coming out from the 3 or 4 wells to more than satisfy massive flows to justify current share price times a couple at least.
i more see this announcement as really distinguishing the future growth potential of each. wgo has WE .. stx has WE plus what looks like a massive basin play so rather than wgo tanking this announcement should rather catapult stx and further justify and market cap diff.
Ann: Greater Erregulla and Walyering Update, page-30
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Last
22.5¢ |
Change
0.005(2.27%) |
Mkt cap ! $644.7M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 22.0¢ | $662.4K | 2.969M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1619370 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 540792 | 8 |
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| STX (ASX) Chart |