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Western Plains Petroleum Ltd. WPPTF



GREY:WPPTF - Post by User

Comment by ShawnyCash1on Dec 12, 2012 1:06pm
173 Views
Post# 20720188

RE: RE: wpp p/p and assets swap

RE: RE: wpp p/p and assets swap

From what I was told, Nordic was in penalty on their Joint Venture property in Lloyd.  Looks like a land, cash, debt, and property swap.  Nordic to get a producing well elsewhere?  Western gets a larger position of the JV lands and a re-evalution of assets due to the larger share owned.    Could help bank lines to drill more wells and increase production going forward.

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