WGP westralian gas and power limited

With the big kuhuana in Kentucky looking at the gusher and the...

  1. 2,677 Posts.
    With the big kuhuana in Kentucky looking at the gusher and the fact that they were drilling another well which based on past only took a few days, i am surprised that there has been no news come out of the company.

    Volume is still significant give the pre riddle well so some one is buying. dont think it is traders and the postings on HC regarding WGP are only a few a day.

    does anybody get a feeling that something is happening? just seems strange.

    And talking about directors selling, if they knew there was a pump and dump, I would have expected a lot more selling even on the way down.

    I still do beleive that the 'farming' is going to be a significant cash cow. as indicated at $80 a barrel and 200 barrels a day is still $5m a year.

    Having research kentucky oil, there seem to have been a few legislative changes which have made farming more profitable. previously only 1 well was allowed per 50 acres. Recent changes allowed one per 5 acres. so more wells, at only $12,000, just mean a lot of money.

    Any views
 
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