WGO- ASX: SHAPING UP WELL, DRILLING EXPECTED IN SEPQ; MAINTAIN BUY AND A$0.37 TARGET
The WGO investment case via its 50% owned flagship West Erregulla development advanced significantly during the JunQ.
The company progressed;
1) gas marketing with a shortlist of potential gas buyers;
2) third-party gas processing arrangements where firm proposals have been received; and
3) completed a $15mn capital raising.
Canaccord retain their BUY rating and $0.37ps price target (SOTP based).
Read the full Canaccord update here
The company progressed;
1) gas marketing with a shortlist of potential gas buyers;
2) third-party gas processing arrangements where firm proposals have been received; and
3) completed a $15mn capital raising.
Canaccord retain their BUY rating and $0.37ps price target (SOTP based).
Read the full Canaccord update here