GREY:WPPTF - Post by User
Post by
ShawnyCash1on Apr 27, 2013 10:59am
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Post# 21309640
New Arrangement
New Arrangement It would seem that with PetroCaptia in control of all of the Western Plains Assets, there will be a new head to control the ship. It is also reasonable that PetroCaptia will have the financing to re-activate the many shut in wells on the properties. This is a cheap way to enhance production instead of drilling new wells. PetroCapita will also handle the office administration and will leave David Forrest and the field team more time to get production up. Lets all hope that the bankers will back off a bit and allow for this new strategy to take hold. After spring break up.. the field team should be back to work.... With admin costs down, Western Plains may be able to show more of a profit. This is my take on whats going on presently.