ASX:WGO
( / )

Canaccord Genuity Company Update 29.7.20

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

australia registered office

Level 6, London House
216 St George's Terrace
Perth, WA 6000
ABN 82 125 394 667

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