My read is that the current production is 63 bopd. At current prices that equates to US $1 517 670.00. While not what we were hoping for, it is still good news. First we have a very low market cap and also relatively small number shares on issue. This Income is in US$ not AUS$ so works out roughly at $1.9 million AUS which is nothing to be sneezed at. There is currently no need to dilute shares with extra share issues or options. The company has money in the bank and wont have to borrow. All is on the up & up. Unfortunately we are not going to be millionaires overnight but this is a good ann. MPO has tripled in price in the last week and has only about 1/10th the current income from production that WGP has. How does that work? Also WGP will be increasing production asap compared to Mpo being some time away from production. WGP is a good buy at these prices, especially the options! My opinion only.
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