Canaccord Genuity Company update 29.7.20

WGO- ASX: Shaping up well, drilling expected in SepQ; maintain BUY and A$0.37 target

The WGO investment case via its 50% owned flagship West Erregulla development advanced significantly during the JunQ.
The company progressed;

1) gas marketing with a shortlist of potential gas buyers;
2) third-party gas processing arrangements where firm proposals have been received; and
3) completed a $15mn capital raising.

Canaccord retain their BUY rating and $0.37ps price target (SOTP based).

Read the full Canaccord update here