WGO 0.00% 35.5¢ warrego energy limited

Ann: Major Kingia Gas Discovery at West Erregulla-2, page-45

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  1. 6,349 Posts.
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    agree with you TJ, Spike, then smallish pullback to shakeout profit takers with weak hands, short period of price stabilization, then a slow increase in share price to reflect actual and potential value as accumulators step in. Bigger players than us dont buy on the spike but will patiently buy up progressively. Agree that once flowrates are defined and look good the bigger players will want a bigger slice of the pie. High Cliff will obviously impact the eventual value, but if that is also confirmed as producing then inevitably the really big fish will be eyeing us off for a buyout down the road.
 
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