Hi Greenhart.
Whilst every trade has a buyer and a seller in the case of WBE there are a pile of buyers at 0.1 cents and similarly a pile of sellers at 0.2 cent.
All the trades at 0.1 cents are sells. A trade happens because someone sells at the waiting buyers price.
I just happen to know all the sales at 0.15 were buys because I participated in all the significant ones and I was buying unseen shares waiting to be sold at 0.15 cents.
I'm quite surprised that there is such a lack of buying support. Things are progressing very well at The Wizard Lake Oil field.
Someone should explain to me what all the negativity is about.
Rex 4 drilled a 2.4 km horizontal that was within the oil bearing strata for its entire length. That is quite extraordinary.
There was a six week hiatus between drilling and fracking whilst WBE sorted out the financing.
This week the 50 separate fracks were completed, that stuffed tonnes of various sands into the strata to facilitate oil and gas production. And it was completed in two days. This is quite extraordinary.
WBE has been able to finance this and cause all this to happen.
Congratulations to the team at WBE.
Next week Rex 4's spigot (or whatever it is called) is going to be opened a little to allow 75 bopd to flow.
And over 5 to 6 weeks the spigot is going to be slowly opened up until Rex 4 is producing 300 bopd plus whatever gas comes with it.
This is extraordinary, amazing and monumental and some dudes are selling their shares for 0.1 cents. Double WTF.
I have been encouraging readers here to go grab shares for 0.15 cents now while they are available. Total not one person except me has done this. Actually there was one other but he bought at opening and had to pay 0.2 cents. 30% more.
Sure wait a couple of weeks to see what happens, production will be closer to 200 bopd from Rex 4 but there won't be millions of shares being offered for 0.15 cents. Be lucky to buy them for 0.2 cents.
By Christmas this will be legendary.
Saltbus
WBE Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held
