Concerns about oil production schedules etc are misplaced. By that stage the company will have been well and truly taken over.
The next stages are
. The report from the Dallas firm Netherland Sewell
. Further reports on WHN's data analysis
. Announcement of farm-in with a Major (But given the large prospective acreage, and at least 3 v promising geological zones, there could be more than one farm-in)
. Announcement of final terms and conditions,with hopefully some cash for further projects and acquisitions
. Drilling Schedule
When and if the drills hit what Mr Noske thinks is there outfits like WHN normally get taken out. The drilling Major will have a good idea from visuals before technical data is released.
An interesting ride ahead.
Cheers,
QFY Price at posting:
6.1¢ Sentiment: LT Buy Disclosure: Not Held
