WOF
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0.00% 1.1¢ wolf petroleum ltd

re: Ann: Light Crude Oil Seeps Identified In ... Merchant,Just...

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  1. RichardNixon
    3,795 Posts.
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    10/10/13
    18:37
    Post #: 12427991
    re: Ann: Light Crude Oil Seeps Identified In ... Merchant,

    Just did a quick search and by the looks of things WOF owns at least 25% of the polish projects (could be up to 40%?).

    It was an earn-in-agreement in total worth $9.5m for 75% of the polish company (initially $3.5m for 55%). So based on this transaction WOF's polish assets could be worth a million or two if they can get a buyer?

    http://www.asx.com.au/asxpdf/20110328/pdf/41xplbwhcmm9bj.pdf

    I havent read the annual report yet but should be something there about it

    WOF Price at posting: 6.7¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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