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WGO, WARREGO ENERGY LIMITED
lugaville
post Posted: Oct 27 2019, 09:48 AM
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In Reply To: nipper's post @ Oct 25 2019, 03:40 PM

i am watching SGC for next multi TCF well to be drilled in california .. got stx right ..hope sgc does the same

 
nipper
post Posted: Oct 25 2019, 03:40 PM
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buy the rumour, sell the fact
QUOTE
The testing program is designed to determine well deliverability from the Kingia Sandstone reservoir at the West Erregulla field, and to collect additional well data and gas samples for compositional analysis to feed into reserve certification calculations and gas marketing conversations.

Three intervals totaling 48 metres, from 4,799 metres to 4,851 metres Measured Depth Below Rotary Table, were perforated and flowed. Well clean-up operations commenced on 21 October 2019. On 24 October, following completion of the clean-up flow, the well flowed at a maximum rate of 69 million standard cubic feet of gas per day (MMscf/d) on a 2-inch choke at ~ 700 psig well head pressure over a 1-hour period.

down 10%, as was STX




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Sep 13 2019, 10:42 AM
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QUOTE
Warrego Energy spent Thursday pitching a $10 million equity raising to potential investors.

It is understood Warrego, along with its brokers RBC Capital Markets and Bridge Street Capital, were in the market seeking buyers for new shares at 29¢ each, which was a narrow 1.5¢ a share discount to the last close.




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
macdtrader
post Posted: Sep 9 2019, 12:47 PM
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In Reply To: nipper's post @ Sep 9 2019, 12:38 PM

Many trapped holders above 40c.
Obvious resistance area.
Attached thumbnail(s)
Attached Image


 



Said 'Thanks' for this post: nipper  
 
nipper
post Posted: Sep 9 2019, 12:38 PM
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We haven't got the size of reservoirs, yet. And it's deep. Tight?



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

Said 'Thanks' for this post: macdtrader  
 
macdtrader
post Posted: Sep 9 2019, 12:19 PM
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In Reply To: nipper's post @ Sep 6 2019, 10:40 AM

Do you have an explanation as to why?
I traded this on the way up but might wait for low 20s.
Perhaps a potential cap raise causing the sell off.

 

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nipper
post Posted: Sep 6 2019, 10:40 AM
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In Reply To: nipper's post @ Aug 1 2019, 11:40 AM

Whilst management is talking of the gas trifecta, the market is a bit disappointed; both STX and WGO down around 12%
QUOTE
• Excellent quality conventional gas discovery in the High Cliff sandstone
• High Cliff log data compares favourably to the Waitsia gas field log data
• Gas saturated High Cliff sandstone with 10m of net pay and porosities up to 16%
• Gross High Cliff gas column of at least 22m
• WE2 well drilling now complete at 5,100m

- maybe the reservoirs are not that extensive.
- maybe the market got ahead of itself




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Aug 1 2019, 11:40 AM
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In Reply To: nipper's post @ Jul 28 2019, 10:57 AM

• Significant conventional gas discovery in the Wagina Sandstone
• Wagina reservoir characteristics appear good quality with a gross section of 74m
• WE-2 still to drill through to Basal Wagina and yet to encounter wet gas sands
• Wagina porosity development is additional evidence of Strike subsurface model accurately predicting hydrocarbons and porosity



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jul 28 2019, 10:57 AM
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Actually, this is only the first if several target zones. Still 1000m from TD, and another casing run (after logs)

If successful, quite probably a call on capital soonish



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jul 28 2019, 10:30 AM
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In Reply To: oilleak's post @ Jul 28 2019, 07:22 AM

QUOTE
West Erregulla-2 is being drilled in EP 469 which is adjacent to and targeting analogous Permian gas sands of a similar size and nature as the Waitsia gas discovery. The well will be drilled to a planned total depth of 5,200m and penetrate two additional independent reservoir targets. These include a conventional gas target in the basal Wagina sandstone and the primary gas sand sequence in the Kingia High Cliff.


Strike Energy Limited (Strike - ASX: STX) is the operator and the holder of a 50% joint venture interest in EP469, and Warrego Energy (ASX: WGO) the holder of the other 50% joint venture interest.
only 8m in to target formation, needing to "weight up"

Nice kick.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 


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