WPL released slides of their presentation to "UBS Global Oil and Chemicals Conference" (not on WPL website yet). They refer to 5-6 exploration wells before year end, Dorade is a committment well (additional?), and "Discretionary targets to be selected from a number of prospects...".
This programme gets bigger by the day. Mean target estimates of 1bn bbls looks conservative. Clearly the JV is running faster nowadays, to beat commitment deadlines.
Patience is a virtue.
HDR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
