WGO 0.00% 35.5¢ warrego energy limited

Casey is telling us that 3.8 million Euro's (gross) is going to...

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  1. 1,726 Posts.
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    Casey is telling us that 3.8 million Euro's (gross) is going to pay for an MT program and drilling of a well in Spain .

    Is there any reason to believe him that they can drill a well for about 3.5 million Euro's ?

    Can't see any drilling company giving them a turnkey fixed price deal to do that .

    By the time they start drilling another Tesorillo well , the 2 million Euro will have long ago been eaten up by office rent , wages , directors fees and corporate overheads .

    No confidence the drill bit will resume turning in Uraguay either .
 
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