WGP - Westralian Gas and Power

[krisbarry]

Re: WGP - Westralian Gas & Power

WGP announced late yesterday arvo that a Share Purchase Plan is about to take place. Each shareholder is entitled to buy $5,000 worth of WGP shares at the discount price of 11.5 cents a share.

...which means every man and his dog will be jumping in this one!

 

[moneymajix]

Re: WGP - Westralian Gas & Power

Ann. out

NOT SO UNLUCKY #13
The Company spudded and drilled The Riddle #13 well over the past 24 hours and at
3.45am Perth time (2.45 Kentucky time) the drilling penetrated the top of the Stones
River Formation directly below the Pencil Cave and proceeded to flow large volumes of pure oil to the surface.


Micro-cap. oil producer

18c up over 33%

hit 19.5c

 

[tigerboi]

Re: WGP - Westralian Gas & Power

does any one have info on this company as there seems to be a breakout on anns of oil flowing any heads up would be great?

 

[moneymajix]

Re: WGP - Westralian Gas & Power

Read the thread...


Revenue coming in from low-cost oil production in Kentucky.

They have other projects.

WGP had the foresight to secure most of the prospective coal seam methane leases available in WA.

They have 2 JVs - ERM Gas is one.
ERM to fund all exploration costs fo WGPS's Coal Seam gas leases with the intent to fuel ERM Power.



Nice stock imo.

 

[Kalmsg]

Gusher in Kentucky

WGP has a announcement out they have hit a gusher of oil in Kentucky. This looks good from the sound of the announcement. The share is up 62% as I write this.

 

[Jimminy]

Re: WGP - Westralian Gas & Power

highly speculative company.

If you know the motor museum at Fremantle, well the same guy started this co. He is a bit dodgy though - been in prison.

ERM power have tabs on their tenements in WA.

But yes, the announcement on the surface sounds bloody terrific.

I have a stash of these purely because of ERM - I have had personal dealings with the ERM founder (St. Bakers) - they are good operators..

 

[roland]

Re: WGP - Westralian Gas & Power

In at .26 out at .30 - not much of a risk taker am I.

I think I need more skill to know when to get in and out - super fun though, to hold a stock for just 10 minutes or so and make a whacking proft

 

[runningrugby]

Re: WGP - Westralian Gas & Power

Cant wait to hear from 'Stop the Clock', i know he made numerous comments in the past about 'talking to himself' about this stock. I received the recent offer to buy the shares at 11.5 cents. Looking pretty good right now! When they sent the offer they included a 4 page update in relation to the company. They mentioned something about them 'getting close to announcing a joint venture with a large company' for further exploration. Maybe Stop the Clock might have something to say about this? I can assume more people might be listening this time....
Good luck to all holders!!

 

[moneymajix]

Re: WGP - Westralian Gas & Power

Range today
13 - 39c


Well done to holders, especially the long-term ones.


Stop the Clock, may be annoying, and there seems to lay something behind some of the shares he follows.


Good day today.


I am in again with the 11.5c shares in the share purchase plan.

 

[BIG BWACULL]

Re: WGP - Westralian Gas & Power

Cant wait to hear from 'Stop the Clock', i know he made numerous comments in the past about 'talking to himself' about this stock. I received the recent offer to buy the shares at 11.5 cents. Looking pretty good right now! When they sent the offer they included a 4 page update in relation to the company. They mentioned something about them 'getting close to announcing a joint venture with a large company' for further exploration. Maybe Stop the Clock might have something to say about this? I can assume more people might be listening this time....
Good luck to all holders!!

I think he would have mentioned something by now, Possibly all his $$$ in the Super Fund for purchase of house :

 

[krisbarry]

Re: WGP - Westralian Gas & Power

Aint saying a word, I just get a bit tired of talkin' about stocks and no one listens or they just put me down in a public forum...then the stock runs and everybody is your best friend....oh how the cyber world imitates the real world

 

[roland]

Re: WGP - Westralian Gas & Power

Aint saying a word, I just get a bit tired of talkin' about stocks and no one listens or they just put me down in a public forum...then the stock runs and everybody is your best friend....oh how the cyber world imitates the real world

Stop the Clock - I listened, I waited, I bought, I sold, I made a profit, I am happy. Keep talking and I'll keep listening.

 

[krisbarry]

Re: WGP - Westralian Gas & Power

Well done and profits to all...I am taking a holiday with my profits, need some time away me thinks

 

[Kalmsg]

Re: WGP - Westralian Gas & Power

Has anyone heard if the drill rig at the Riddle 13 well has now been moved on to the next spudding site? There is no point in the drill rig remaining there if the oil pressure from the Riddle 13 well is to great to keep on further drilling.


Usually great oil pressure in a oil well is associated with a amount of oil in a reservour under great pressure does it not. Would be interesting to see how many barrels are produced per day from riddle 13.

 

[ands]

Re: WGP - Westralian Gas & Power

Article posted on Ninemsn.
http://news.ninemsn.com.au/article.aspx?id=289495

More oil flow in Kentucky for WA junior
Thursday Oct 11 17:57 AEST

Another of Westralian Gas and Power Ltd's oil wells in the US state of Kentucky has flowed large volumes of oil to surface.

Shares in the junior oil producer closed 19.5 cents higher - a jump of 144.44 per cent - to 33 cents on Thursday.

The shares hit an intraday height of 39 cents, a rise of 300 per cent.

The well flowed strong enough to prevent it from being drilled further.

Oil from this well will eventually be flowed into tanks at another producing well on the same lease.

The company works to a concept of `oil farming', whereby it gains steady cashflow from several small wells.

It is chaired by Alan Burns, who helped steer Hardman Resources Ltd from being a penny stock in 2000 to a $1 billion plus company that was ultimately taken over by UK-based Tullow Oil last year.

Westralian's market capitalisation is almost $19 million.

 

[roland]

Re: WGP - Westralian Gas & Power

WGP has come off it's highs, any of you guys think it is worth another look. I guess the lack of news after Riddle 13 has bored everyone,

 

[Aussiejeff]

Re: WGP - Westralian Gas & Power

Might be worth holding off for a bit. Reading their reports it seems they had some problems with the subterranean structure crumbling under the higher flow rate and they had to choke back to a mere 20 BBLS per day - hardly the "gusher" that excited punters first thought had been struck.

Then there is the share issue plan they announced after that....

SP is down 20% as I type to 15.5c.

AJ

 

[moneymajix]

Re: WGP - Westralian Gas & Power

Got my shares from the spp today.

I won't sell until sp is much higher.

Current sp. 16c

Cheers

 

[runningrugby]

Re: WGP - Westralian Gas & Power

anyone have any information in relation to the price increase?
had a high of 20.5 cents with massive volume! no announcments that i can see. had a low of 12 cents yesterday with little or no volume. makes a little frustrating i must admit??

 

[psychic]

Time to bump this thread as we have seen a little action on WGP of late. The share price has gone from 1.8 to 2.5 cents within a week, and now dropped to 2.2 cents. WGP is an oil and coal seam gas exploration company. WGP has just raised $1 million in cash to be used for new projects.

Might be worth a look