Australia's largest stock trading and investment forum Australia's #1 stock forum

WGO

Click for more information

0.00%

35.5¢ warrego energy limited

Wgo new research - price target 70c, page-2

First 2 Last

Share
Profile

Follow
Tooter

3,022 Posts.

513

11/05/21

07:55

Post #: 53081382
Share

Originally posted by Autosime: ↑

Warrego Energy Limited (WGO) - Substantial onshore Australian gas opportunity Warrego Energy (WGO) is an oil and gas company with a focus on onshore exploration within the Perth Basin. In joint venture with STX (50%, operator), the West Erregulla (WE) gas discovery in 2019, was the largest onshore gas discovery in Australia in 40 years, providing WGO with a solid platform to grow its WA gas business. Within a space of 18 months, the WGO management team has moved to unlock the value in this asset, securing a material long term gas contract for 155PJ over 10 years with Alcoa, WA’s largest gas consumer. We see significant additional value being generated as drilling progresses, resources are updated, reserves are booked and the strategic nature of this large onshore gas asset is realised by the market. We also note only 1/3 of the WE block has had seismic shot over it, providing future potential for additional gas opportunities. We initiate coverage with a BUY and A$0.70/sh PT, underpinned by the Phase 1 gas development of 80TJ/d.

From one a broker that has been one of StXs long term supporters

Expand

That will set the cat amongst the pigeons ...... Are they having a dig at STX ?

WGO Price at posting: 24.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

1 Great analysis

Reply

Top Stories

CC9

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

FEX

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

SXG

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

AL8

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

There are more pages in this discussion • 131 more messages in this thread...

First 2 Last

Add WGO (ASX) to my watchlist

SPONSORED BY