Well to my knowledge this company is next in line to release 2P reserves for Tilbrook and Paranui. From a Jan 2008 release:
The Gaffney, Cline & Associates Independent Expert’s Report in the Company’s 2007 prospectus stated that best estimates for gas were 293 PJ at Paranui and 414 PJ at Tilbrook. The current works program is designed to advance the Company towards the intermediate objective of achieving 125 PJ, 2P field certification at each of these projects.
Bear in mind they have about 110 million shares and options! Currently price of main shares buys at 35 cents sell at 50 cents.
WCL Price at posting:
27.2¢ Sentiment: LT Buy Disclosure: Held
