On the other hand they could shoot some seismic over the rest of the EP 469 block in search of something similar to WE-2,drill WE-3&4 to increase the WE booked reserve as the Wagina resource is not yet included and try and double + the current booked reserves for the block and then flog it off or sell gas to the NWS LNG mobs or Beach or whoever.
Another WE-2 in this block is highly probable and could double whatever value we have.
Somewhere closer to $2 would do me but it might take at least another 12 months.
WGO Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
