About a year ago, the 2P was 0.3BCF, and the gas plant consumes about 0.14BCF a year (by my reckoning).
So they need to drill to keep the plant running. The prospects are low risk, so almost certainly they'll find gas. But whether the amount of gas is worth more than the cost of drilling, compression and tie-in is yet to be seen.
WGO Price at posting:
21.0¢ Sentiment: None Disclosure: Not Held
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