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  • fonemann fonemann Feb 9, 2013 9:43 PM Flag

    Wow ,,still at it here with the Off Topic WGAS

    The Pendragon well (EXXI/Exxon) in Block VM-179 was had reached 11,000 ft depth about a week ago. Total depth is around 16,000 ft. The well should be completed in 2-3 weeks. They are calling this block a potential company changing property for EXXI. EXXI has a market cap of $2.3 billion and is trading at over $30 per share. If it is a potentially company making block for EXXI imagine what this means for a tiny company like WGAS with a market cap of only $1.5 million. The bottom line is WGAS is significantly undervalued and if EXXI has good well results in a couple of weeks in Block VM-179 it will spill over to WGAS and the stock will soar.

6.97+0.17(+2.50%)Nov 13 3:59 PMEST

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