Ann: Wizard Lake Well Flowback Commences, WBE Lifts Interest, page-3

My last post I remarked that the 50% increase in WBE’s share of the Wizard Lake Rex well could be a big deal.
A big deal in that whatever flow rate of oil is eventually achieved then WBE will get 50% more of the oil after 31 st of December than before.
This also means the share price will/should be 50% higher as well.

In the last announcement it was pointed out that if the flow rates are profitable then there will need to be 12 to 14 production wells to be drilled and put on production.
This could get exciting.
Should be less than a week before we get the flow rate results.

Saltbus