" if you sit back and wait until you see delivery of flow rates, then I reckon you will have missed the game. it's risk/reward scenario.
Agreed... But in this case I think I'd be happy to miss the bottom in order to be sure. Just personal preference, those with a higher appetite for risk here might have a different opinion. "
Well it is clear as per Mike's presentation, these guys simply would not sign the deal if they thought the volume could not be achieved.
It's small risk in my opinion. This is a well established field and provided these next wells are drilled "in-seam", completion is done to compensate for coal fines problem, we are up and away.
Santos are having success in their other tight fields. Read that report from Citi!
If we get anywhere near their success, this company is a no-brainer.
Lots of lose hands over 30 cents, great opportunity to pick up some volume before the register tightens up again.
I expect we will go through a staged growth process not dissimilar to LNG ltd.
I'm holding onto my share thank you very much :)
WCL Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
