WGP 11.1% 1.0¢ westralian gas and power limited

trade4profit got it wrong, page-13

  1. 9,297 Posts.
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    Just noticed the heading. KB, this is going to shock trade4profit after a 'fight' we've been having on HC, but I don't agree with you. (Actually the 2nd time, this happened once before on CDU).

    I saw t4p's original posts on WGP, a day or so after the announcement, and I thought that they were very reasonable and in fact probably still are. I should have said so at the time.

    The announcement was definitely good news. In fact excellent news for a junior oiler to hit something that pays off the cost of the well overnight. Once flows stabilise and testing is complete we'll know where it stands but having something is better than having nothing. Especially when there are sound reasons to look out for more.

    In the meantime short term traders exit but leave a pretty good base for entry I suspect for next round of drilling.

    Good luck to holders.
 
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