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WGO

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35.5¢ warrego energy limited

Ann: Suspension from Official Quotation, page-160

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21/09/20

20:56

Post #: 47516177
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Originally posted by Al99: ↑

I am always amazed that someone can hold such a negative view of a company and still hold shares in the company. Never mined, I guess I will never understand that.

re your comments, I can add the following observations.
yes, they have been marketing gas for a while. It takes time. The Independent gas resource was a key to the timeline. IMHO, I don’t see the STX resource numbers as independent, and neither would all of the gas market. David Biggs has said they are close to a signing. this month has been mentioned.
They did not employ a second CEO to do this work. They have a very well qualified manager who is doing that work. And just for clarity, we only have one CEO, DD.
Normally a board would not go to an FID without a GSA in place. Funding would be a huge issue for that commitment. The FID at year end is a real stretch, as the WE4 well won’t even be completed by then, let alone analysed. Why the rush???

BTW, you commented about gas prices. Petra has $3 gas price in the first year of production in their latest model. Again, I restate my previous comment, that the gas prices will include a discount on the basis of timing of the option and the funds advanced. And, yes, I am qualified to comment on that.

AL

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Hopefully it’s not a “honeymoon” gas price !!!!!!

WGO Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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