WCG 3.03% 51.0¢ webcentral group limited.

nice move late today, page-2

  1. 1,933 Posts.
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    I'm constantly amazed at how well they hold up during this appraisal development stage. I have no doubt they will be up around the $2 mark within a year, but always thought they would fall back during this period due to the market's normal short term mentality. There is nothing exciting coming up for a few months, with all near term work on Hovea and Erimia.

    Also, you would have to think that they will be doing the next exploration drilling in the gas prone area where they have 3-D seismic; nothing wrong with gas mind you, but it's the oil that gets the market excited naturally. Despite being keen to see this start, I'd prefer to see them drill the oily area after the 3-D and you wouldn't seriously expect results from that for at least 6 months assuming they get it going soon.

    They do indicate they might drill the oily area on the 2-D and gravity though, so we'll have to wait and see. And you never know; they might find some oil in the so called gas prone area anyway when drilling near Dongara field.
 
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