Guys
a while ago there was a research report that talked about the significant value in the Spanish assets. Since then we have a massive gas shortage in Europe with huge price increases not dissimilar to what is occurring the the east coast of Australia .
WGO have a significant asset with 800bcf resource and another operating asset that is generating a few million JB revenue with potential to generate a few more
guys - sometimes assets can grow significantly in value due to changes in commodity prices , but in this case I think the appetite towards domestically generated gas will have significantly changed in last few months.
in the quarterly WGO said decisions on the way forward on these assets will occur this FY so we may here something soon about this.
currently it is fair to say these assets are valued at zero but they may infact be worth in the 10s of millions as gas reserves / resource value in Europe will have increased substantially
food for thought
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