I appreciate the technical analysis viewpoint on this stock, all my trading is done using TA, but I couldn't help but read the company announcements regarding WGP. The 'significant oil find' (words of company management) seems to now be down to the justification and merits of 1bbl per day per well.
I just can't see how anyone who is a serious oil producer would ever take that that rate of production as anything but a bit of a laugh.
Therefore, I wonder whether the share price decline, after the surge to 26c, is nothing other than a realisation of the facts.
WGP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held