Yes you are correct, not much of a risk to them but they threw a little cash into the company rather than buy on market and have the money go nowhere.
At least taking part in the SPP sent funds into the company. I guess what I am trying to say if it was worth others buying into the SPP to support company growth why bail now? Hold on for some updates and if you need a dump do it before Christmas at a higher price, or after Christmas depending on how many presents you want to buy.
I see they are looking at stimulating to produce 2-3 times more oil from existing wells and we don't have production rates yet. If they can get it to 100-200 barrels per day its not a bad earn at $15000 outlay per well(estimate).
THE PURE OIL LINE TO SUCK PEOPLE IN WAS PURE BULL but at current levels its worth a run and lots of buyers waiting at 15 and 15.5. just fits my risk/reward plan for now. Good luck with what you do.
WGP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held