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Author Topic: WPP - Western Plains Petroleum
chiliandrillman
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Price: $0.13
Shares oustanding: 37 million fully diluted
Shares held by insiders: 21.5 million
Debt: Zero
Cash: $300,000
Production: 130bpd heavy oil(cost of $25 per barrel average)
Website: http://www.westernplainspetroleum.com/
Company interview: http://www.ceocfointerviews.com/interviews/WPP-WesternPlains.htm

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.

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A proper due diligence will lead you into prosperity

Posts: 52 | From: Canada | Registered: Jun 2008  |  IP: Logged | Report this post to a Moderator
chiliandrillman
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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.

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A proper due diligence will lead you into prosperity

Posts: 52 | From: Canada | Registered: Jun 2008  |  IP: Logged | Report this post to a Moderator
morb
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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  |  IP: Logged | Report this post to a Moderator
T e x
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http://secure.penntrade.com/index.html

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

Posts: 21062 | From: Fort Worth | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
   

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