WGO - to bunt all afternoon...!
Broker report on birdland just out calling for 63c success case... Yesterday's drilling shut down to increase mud pressure to hold back the gas pressures which were more than expected adds significant weight to the success case!
Also note that since yesterday, STX has added 52m in mkt cap (9.7c SP v 6.3 SP with 1.550B SOI) whereas WGO has only added 15m in mkt cap (12c SP v 9.5c SP with 617m SOI)
Note they both own the venture 50/50... and given news was only for the venture, you'd say that they should have put on the same mkt cap... That puts WGO at 18c
WGO yesterday & today has had to overcome the recent placement flipping which IMO is now done...
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- Afternoon trading July 25
Afternoon trading July 25, page-16
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