FAR 0.98% 51.5¢ far limited

wpl think we are over priced, page-43

  1. 6,650 Posts.

    Good luck WPL with it current useless international growth potential.

    Drilling for tight shake gas miles from the BC coast, LNG plant to build plus a massive pipeline over the Rockies, the only winners here are the WPL executives who can visit the site and go skiing at Whistler ski resort.

    Offshore Burma all yours, previously already picked over by Premier Oil etc in the late 80's. Current gas fields development and piped for small profit to Thailand. Nice holiday side trip for WPL staff to see all the nice temples etc.

    Meanwhile in Australia.

    Enfield oil field already past peak flow and even with massive redevelopment is only a marginal econmic project. Large water cut and reinjetion required.

    Wheatstone sucking the same gas a Pluto, end game two LNG plants running out of gas.

    Browes Basin still stagnant gas, long term job keeping the native mobs happy and going nowhere.

    NWS running out of gas.

    Let's forget the issues with East Timor and huge value lost drilling that disputed gas/condensate Sunrise field.

    The we have Senagal and lots of oil.
    Last edited by WhiteNoise: 26/08/16
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