Ann: White Hat 2106 Increases Production to 352 BOEPD, page-26

Good to see alex here. Have read a few posts on NWE forum by you.

Low volume and low SP seems to be where I have made most of my money over the years. I’ve taken a small position with the idea that WEL will be cashflow positive soon as the price of oil goes up and production rate increases. I wouldn’t say I’m going to be a long term holder but I feel at 1.5-2c this is a great entry. Hopefully management ca

n push this horse in the right direction over the next few months. The world is coming back online and oil demand will be rising.

pure speculation but simple logic. A risky industry but hopefully derisked by having the product and a low SP.