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35.5¢ warrego energy limited

what, how can they justify spending $1m a month for doing what?

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Fast&furious

615 Posts.

128

27/03/20

12:25

Post #: 43731491
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Originally posted by Second: ↑

Wow... STX snipers out in force here lol

Firstly WGO and STX have similar reserves ie; 50/50 of WE 2 that the majors are interested in.

South Erregulla sounds great and a 50/50 chance of being commercial.

Sounds like the WGO BOD want to keep 50% ownership of EP 469 where there could be something like multiples or similar to SE sitting inside its boundaries with approvals in place and near term potential of drilling thanks to the Warrego owners.

Hopefully they can shoot the additional 3D there and haggle some more before a deal is struck

Seems plenty here forget that STX didn't have the money to drill WE-2 until weeks before the drill started spinning.

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what, how can they justify spending $1m a month for doing what?

WGO Price at posting: 11.0¢ Sentiment: Hold Disclosure: Held
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