WOF 0.00% 1.1¢ wolf petroleum ltd

Ann: Light Crude Oil Seeps Identified In Seismic , page-9

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  1. 19,172 Posts.
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    re: Ann: Light Crude Oil Seeps Identified In ... Map.

    I was told money to fund drilling may also come in the way of a farmin.

    I think last night's announcement adds serious negotiation weight and the option of further dilution by way of a placement, may now be pushed quite a bit further down the list.

    As for your call of $1 Rainbow.

    Some would call that a silly statement but lets not forget the Africa Oil story. They announced similar oil seeps before they drilled in Kenya remember. The discovery/s that followed has seen extraordinary share price growth and they now trade over $8.

    Our MC is a pittance and if the drilling early next year hits the sweet spot, I believe $1 is more than realistic.
 
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