Yeah - the figures they are chasing are 1000PJ of 3P net to WCL... which, as you infer, would make them a much more valuable share then they are now. Let's hope some drilling starts to develop those kind of numbers and beyond soon... as you mention, plenty of gas required for LNG - still waiting to see which LNG projects will make it to construction... the more the better.
And you may be right about AOE eventually being interested in WCL's share, I don't know... but since they missed out on Pure, they may make a move if the Shell LNG project tries to go it alone without further consolidation of those projects... we shall see... it's gonna be an interesting 3 or 4 years as those projects are attempted to be brought online. Looking forward to it and hoping for big reserves on good flow rates from WCL to make it more exciting for us holders.
WCL Price at posting:
39.2¢ Sentiment: LT Buy Disclosure: Held
