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Bullboard - Stock Discussion Forum Western Plains Petroleum Ltd. WPPTF

GREY:WPPTF - Post Discussion

Western Plains Petroleum Ltd. > Production was up in July
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Post by ShawnyCash1 on Sep 17, 2013 7:40pm

Production was up in July

Production on the old NOG Joint venture lands were 35 bls per day in July.  This doesn't account for other WPP production.  They got $80 per barrel for that month.  WPP is making some money on their small production and since the bank is getting most of it to pay off debt right now, I would say that debt is being paid down very quickly.  WPP could round the corner at these prices for heavy crude.
Comment by testfreak on Sep 25, 2013 4:02pm
what are the chances of this turning around? same chances the hair on my head growing back?! lol, no bid no communication, is it worth thowing a g at this bad boy
Comment by redrum1 on Nov 28, 2013 2:03pm
two producing wells left and the landowner welds the valves on one of  well's the storage tank closed because he had not been paid his rent for years...no chance of any turn around..
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