What annoys me is these US wells were suppose to support the admin costs etc so they wouldn't need to raise the issued shares too much .. that didn't happen, issued shares heading towards 100M.
They've done some good farmouts of their CBM and VlamingSubbasin acreage, which should also reduce cash burn.
According to NXS, looks like Vlaming sub basin drilling will be late 2008 .. hopefully that won't delayed further.
Bg
WGP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
