Noticed today's announcement by WON advises it has bought in to Crackling South for an April 2003 (approx) drilling program. If it comes up trumps and at the estimated BPD flow rates it is talking $68 million NPV to west. WON has calculated a valkue of 19 cents per share.
I've been stoking up a bit on these at 1.2 cents. I noticed the buy side is already showing some interest.
I've been thinking of trading out early but also holding a few this time. How do you rate the chances of Crackling South.
