The next six months are integral to the company as they determine the scope of the two key projects that being pheonix area and buffalo.
Buffalo will need two wells and testing while the pheonix south would result in a 900bcf and 65mmb on condo project while dorado pushes it up to potentially 3tcf.
Pheonix would be perfect for WPL to supplement Browse gas with the condo being extra. I would expect 25c per share for this just for the gas with condo being worth another 20c if 3tcf and 200mmb condo.
BANG 13 cents, page-53
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