WGP 11.1% 1.0¢ westralian gas and power limited

45 50c open tomorrow, page-7

  1. 4,460 Posts.
    "In March, WGP acquired two oil leases in the same area, the Carter and Stockton Lease. The Company acquired these at low cost and gives the Company 100% Working Interest and 87.5% Revenue Interest. The acquisition included eight pump jacks, 5 oil storage tanks of approximately 100 barrels per tank, in field flow lines and electrical equipment for running the pumps".

    They say they will run the oil to the tanks nearby at Riddle 11.

    If they are running oil to the tanks at Riddle 11 they have nearby doesn't that give a max 500 barrels for the 5 tanks and the 2 wells? How fast will they fill?
    A lot depends on how quickly they can fill these current tanks. If I were a shareholder which I am not but maybe if it runs again ??? I would be phoning the company for some extra info. Surprised there is not a trading halt for some clarification.

    It would be interesting to know how quick the tanks filled, that would give an indication prior to flow testing which comes after.
 
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Currently unlisted public company.

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