Ann: Wagina Gas Discovery, page-78

WGO up 35%...not too shabby.
But yes, many people in WGO sitting on large losses, so some will sell without really knowing what's going on, happy to have some money back.
Also, WGO is running ahead of STX, which I don't think is justified. Sure, you could say, the recent price surge is attributed solely to West Eregulla, and that WGO had the lower market cap to begin with (and they own it 50:50). But on the other hand, STX has all the ex-UIL acreage that suddenly become more attractive. I am no geologist, but what is exciting about the Wagina interval is that is more likely to be spread across a large area. Whereas the deeper target, which is much bigger, is more likely to be localised.
Happy to be correct on any of this.