Dudes, I dont know why you are upset. The euphoria was based on some early buying by some one, and others followed. The announcement was made after the rise so it aint anything to do with WGP. Not compared to the 'gusher' announcement.
Also they have always indicated that the wells only produced a small amount a few barrels a day.
as to the announcement, it is something that I posted as should be forthcoming.
So WGP have provided an update. if there are 6 wells producing 4 barrels a day at $90 that close to $788,000 a year with another 394,000 if the next three wells produce similar.
WGP aint about the oil it the ERM coal sema gas JV and th eROC. Kentucky is a little extra.
The announcement is an update and thats all.
good luck
WGP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
