Westfort Energy Ltd. (WT-T) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Westfort Energy Ltd. (WT-T)

WT 11.23

-2.5%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: floj who wrote ()	6/24/1998 11:40:00 AM
From: bhg	Read Replies (2) of 1288

I've been reading some of the "chat" about WT. If there are any shorts out there you had better cover them quickly. I've been to the sight with one of Shells' top geologists and according to him the chances of this being a dry hole are "extremely remote". I also know of two venture capital firms interested in putting money into WT. They are going to have to buy the stock in the open market because WT isn't in need of any cash. Also some of the figures I have seen in this "chat" are incorrect so maybe I can help. Someone asked how much it costs for them to pull the oil out of the ground. It is less then US$2 while it costs the majors US$6-8. The Norphlet has well over 100 million bbl. Lastly, there are 35mm shares fully diluted. ~1/3 insiders, who by the way are not selling, another 1/3 in "solid hands" meaning they are not sellers yet and the other 1/3 are in unknown hands. When the venture capital people start buying in the open market, possibly within the next few days, any shorts will be squeezed. Don't be one of them. I hope this is helpful to someone. bhg

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next