Western Plains Petroleum Ltd. WPPTF

wpp p/p and assets swap

[BLUE3]

good to see wpp raise some money by p/p ...i wonder what assets were exchanged in their settlement with nordic oil and gas anounced yesterday ....good luck all.......blue

[JR12]

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[ShawnyCash1]

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