Reserve/resource statements give us all some comfort but unless the company can show that they can be extracted economically then they will be discounted by the market.
At this point WCL has been treading water on the production front with declines from wells not overcoming workovers.
If memory serves didn't we have to buy 3rd party gas to fulfill contracts so I am not sure how we are going to supply anyone else at this point.
WCL Price at posting:
30.0¢ Sentiment: None Disclosure: Held
