WGO 0.00% 35.5¢ warrego energy limited

Ann: Non-Renounceable Entitlement Offer Document, page-226

  1. 615 Posts.
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    MarketMouse you should also get your facts straight. We still owe drilling company$1.6m to be paid out with the $4.5m for the work done. This excludes down time since December. The cost of down time idle rig standby time management yet to disclose. Unfortunately your $2.9m will be a lot less after minus out $1.6m and the standby rig cost.... That’s why we need transparency and clarification. Otherwise people like you will thinking that $4.5m should cover for the well2 TD drill. Show us the actual cost for the remaining 700m of drilling for well2. Mate we all thought 4 wells were fully funded in the past. Even with all the contingencies at least 2 wells should be drilled to TD given 4 wells were fully funded.
 
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