Ann: Weekly Drilling Update , page-6

Operational Update issued today.

I see that the Tilbrook #8 laterals have increased their production from 250,000 scfd to 350,000 scfd.Water is same at 400 bbls/d.
They said this is above expectations.

As I have mentioned in earlier posts, it seems to me that WCL is plugging away at doing their job.

WCL will be drilling 16 wells in the next 6 months or so, and s/be announcing a reserves upgrade.
I am also betting that they will come out with a "commercialisation" proposal also.

Remember, WCL is targetting 1,000pj 3P in near term. There are only 110m shares on issue.

With a market cap of just $51.7m, the market is only valuing that potential 1,000pj 3P at just 5c per gj !!!

PES got 40c per gj ! Others, a lot more.

That's why I am still in the market.

cheers