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Bullboard - Stock Discussion Forum Western Plains Petroleum Ltd. WPPTF

GREY:WPPTF - Post Discussion

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Post by ShawnyCash1 on Nov 14, 2011 9:12am

Updated Info

got a message from David Forrest regarding the activities with Western Plains.  I thought I would share this with the rest of you who may be reading the news on this co and have lost some faith due to the current share price.

 Comments: I don't believe that the stock price represents full value.

>

> What are the company's plans to drill new wells, recomplete standing wells and increase  production? Will there be efforts this year to get wells re activated on the Lloydminster property?

>

> Any updates would be appreciated.

We have only one more well to drill this year with Alberta Star. We will be doing a few reactivations in Alberta as well as Saskatchewan. WPP last drilling program was successful and we are slowly ramping up the new wells now.

Comment by geeps2015 on Nov 15, 2011 7:40am
Lost faith?  Dave's message doesn't give me any sings of encouragement.  Growth is abysmally slow; less than 1 boepd, cash flows are negative, land acquisitions are almost non-existant and are usually followed by divestments.  I think this company needs new management, one that can get things moving along.  Until that happens, the share price will continue to slowly ...more  
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