Not a hard decision to make. We don’t have much funds to do anything else like further acquisitions or production or seismic tests. Management should start talking to possible buyers. I don’t think we need more confirmed figures before any buyers will be interested to make an offer. We could put out a tender and see who will offer the highest price. At least try to see if any one might be interested. Then we will know what we got is worth roughly how much. Sp will adjust to the market in lieu of a possible sale. Right now everything is up in the air. Time is money besides there are just too many risks involve with production. Nothing is certain. It’s not that simple to extract the gas, transport it and sell it. It costs money, time and unknown risks. All the factors we cannot afford. Besides we don’t own 100% only 50%. Better to sell it and sell it fast. Management can use the money to explore other tenements.
WGO Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held
