this post was found on another baord...WGP has already been a...

this post was found on another baord...

WGP has already been a good little earner for patient shareholders & the best will not fully become imprinted on the market for a while yet.

There is more than one USA based Geological Company, one Government based, that predicts this area in Kentucky still has 70% of it's original Oil still in the ground, when everyone rushed to Texas etc.

Even if 10% or 20% was left it still would be very economic purely because it's cheap to get to surface & truck to refinery. They have just locked in more acreage but you can be sure anymore leases coming up that WGP don't have options on will have a much higher premium attached.

All of that plus their leases in the Perth Basin & Coal Seam Gas in WA has made WGP one of, if not the most exciting Australian Junior, while full marks must go to the Board & Management for their educated & timely change in direction for the company, it has paid off handsomely.

It will take something catastrophic to stop WGP & WGPO shares & options from making multiple gains in the not too distant future & beyond.

At a current 16-20cent entry level per full share & only 66 million shares including options, one would have to look long & hard to even match it's potential upside.
Best to all.