WEL 0.00% 0.3¢ winchester energy ltd

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4

  1. 2,012 Posts.
    lightbulb Created with Sketch. 98
    Whilst I'm super frustrated with management over the past few months due to a lack of disclosure about what is going on, especially with the reduced barrel rates, I have to say as a quarterly there is so much upside there.

    - An estimated 1 billion barrels of oil and gas
    - Cash flow positive
    - Reduction in costs

    However, I am concerned that this operation isn't able to really generate enough significant profit/ finds for a proper re-rate to materialise.

    I look forward to others opinions.
 
watchlist Created with Sketch. Add WEL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.