Shares oustanding: 37 million fully diluted
Shares held by insiders: 21.5 million
Production: 130bpd heavy oil(cost of $25 per barrel average)
Company interview: http://www.ceocfointerviews.com/interviews/WPP-WesternPlains.htm
Here is a great undervalued oil junior thats cash flow positive that will only be increasing production and growing in size. The CEO David Forrest has an impressive background in the area and has the expertise and potential to increase production for Western Plains Petroleum substancially without large costs or heavy dilution.
Current Projects for 2010:
- 1 well reactivation
- 1 well re-entry
- a third project is also in the works, along with some land acquisitions that were mentioned in the previous MD&A.