Hi Guys,If I have read everything correctly it seems likely that...

Hi Guys,

If I have read everything correctly it seems likely that we will end up with 87bpd, due to the need to preserve the life of the wells which seems like a sound strategy. What I actually like is the fact they are continuing to acquire further leases in an area with proven success. The wells are cheap to drill and very profitable on a few barrels of oil a day. So when they say they have not only acquired these new leases, the Dyer Lease and Davis Lease, but are in negotiation for another 1300 acres I see a real potential for quick profit.

When we add in the WA leases they hold, it looks to me anyway, like there is very little downside but huge potential upside. WGP appears to be undervalued to me so it is definitely a buying opportunity at these levels. This is only my opinion however, so please do your own research.