Neil. While I agree with you that WGP is a good bet and my holding is similar to yours in price if not qty, I would be very very surprised to see any sort of dividend out of WGP in the forseeable future. As per a previous post I have made , assuming a 300 bopd production at $66.00 US /barrel equates to approx $7 1/4 million US GROSS. Before TAX, before drilling costs, before admin costs, before maintenace costs etc. At this production rate the good thing is that the company has capital to continue its business of exploration without having to dilute shareholders equity by issuing extra shares or options. If production is at 500 bopd or more, than this is a bonus which will be reflected in the SP but I would still doubt that we would see a divvy. A factor on the Plus(?) side is that it is now rumoured in the petroleum industry that we will be seeing $80 US/barrel sooner than later. Perhaps even by Christmas this year. Just my thoughts.
WGP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
