relaxed,
two things:
1. Reserves at WE will definitely be upgraded (ie easily doubled, possibly trembled) once WE3 is completed and WE5 is worked over and functioning properly. Success at SE1 also proves more from the geology (ie dismiss the GWC rubbish) and will greatly assist the cause!
2. FID (final investment decision) at WE was 100% dependent upon sufficient Reserves certification, they made it with the minimum 300bcf but Stage 1 could benefit with more certainty. For that reason alone, any reserve upgrade at WE will impact the project enormously (thus our share price) by creating absolute certainty of project viability with the big end of town who want/need a significant cushion (of reserves) before committing to being an investor!
The minimum stated reserves at WE have been a significant impediment to share price appreciation, all about to change, methinks.....
Pure spec!
HC
relaxed,two things:1. Reserves at WE will definitely be upgraded...
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