Here is a great undervalued oil junior thats cash flow positive that will only be increasing production and growing in size. The CEO David Forrest has an impressive background in the area and has the expertise and potential to increase production for Western Plains Petroleum substancially without large costs or heavy dilution.
Current Projects for 2010:
- 1 well reactivation - 1 well re-entry - a third project is also in the works, along with some land acquisitions that were mentioned in the previous MD&A.
-------------------- Top picks: Visionstate - VIS Fintect - FTEC East West - EW Posts: 642 | From: Canada | Registered: Jun 2008
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posted
Big update for this play. I see another EME in the making.
WPP - Western Plains Petroleum Ltd Price: $0.14 Shares Outstanding: 50 million fully diluted Cash: $1.7 million with $1.1 million open credit Production: 150 barrels a day Insider holdings: 55% of O/S http://www.westernplainspetroleum.com/Properties.html
New target potential of 1400 barrels per day.
-------------------- Top picks: Visionstate - VIS Fintect - FTEC East West - EW Posts: 642 | From: Canada | Registered: Jun 2008
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posted
Hey, I'm kind of new to the whole stock thing. Been reading some books and forums and looked at a few threads on here. I was trying to look this company up but when I look up WPP I get Wausau Paper Corp. I'm guessing it is because Western Plains Petroleum is a Canadian company so how would you invest in them?
Posts: 1 | Registered: Oct 2010
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