I actually liked the thought of the wind business-obviously was never going to be profitable but i liked that diversity... But when it come to the crunch this was always going to happen and cant really say im surprised
If i had the choice between the wingslaw farm and the western australian piece we have in play...WA we love you!!!
With shell and the other majors around us and an exploration well next door in 2012 at no cost who really cares about wings law... The setup costs would have been huge either way and would of been on the shelf for a long time anyways
With seychelles, western australia and soon getting news on new play in africa its clear management have the foresight and they havnt taken their foot off accelerator since they came in....
Restructure/rejuvination of the board completed Seychelles pushed as far as possible New opportunity in WA,leaving us a big upside without even drilling Wingslaw disposed New africa play comming soon
And like one of you said it looks like there is going to be a name change
I propose...Move over we're here energy lol
How about UNIVERSAL GAS AND OIL OR POSIDON ENERGY (king of offshore drilling)
Lol taking it abit to far now.....feel free to drop in ur suggestion
QFY Price at posting:
4.6¢ Sentiment: LT Buy Disclosure: Held
