re: Ann: Letter to Shareholders - Update on L... "..we don't...

re: Ann: Letter to Shareholders - Update on L... "..we don't have much upside other than what we got the GSA for...."

I don't agree with that.
IF WCL can fulfil its obligations under the GLNG GSA, and unlock the technique to flow the gas from Meridian, then frankly, I reckon there is huge upside for WCL.

Because we cannot forget the MPO permits.

I cannot believe that the MPo permits, bought by Petro for $42m, are just going to sit their gathering dust (pun intended).
It's dead money for Petro.

The only logical buyer and Operator is WCL.
Once WCL can prove it can flow Meridian, I simply do not believe that Mungi will be any different. MPO got their wells to flow, but they clogged up with fines.

So apply the WCL technique to Mungi, and then to Hardcourt and Timmy fields, and also Paranui, and the potential of a significant uplift in gas production is not so unrealistic.

And those LNG plants WILL be around for 20yrs+
They will want gas indefinitely, and they will want gas from reliable, experienced suppliers.

Petro WILL do a deal with WCL.
Nothing surer.

it will just take time - there will be a process to work through..

the longer it takes - the stronger WCL will be be.

cheers