WestFire Energy Ltd T.WFE

Market Action

[dmacd]

Volume is starting to pick up, and SP is holding steadier compared to most others in the sector.  Hopefully, we have reached a floor and will move up from here. Perhaps there is something interesting coming down the pike ...

[poubelle1]

I was about to post the same thing.btw, did you have a chance to talk to management about the 2012 guidance issue?Thanks

[dmacd]

I will do so in the next few days, but was hoping someone else would take this step first. It would be good for some others like yourself to chat with them directly, so you get a feel for the management.  They have been a lot more approachable than other companies, and a simple call will probably take you to someone of importance.  dmacd

[dmacd]

The guidance after the merger effectively downgraded the exit target from 10,500 to 9,500 boepd. This was not explicit but the information was disclosed. Orion over accrual and sour gas problem affects 1000 boepd. The acquisition adds 600 boepd to the upside. Perhaps gas declines and production logistics explain the remaining gap, and in fairness they say the exit