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[JonnyR512]

Thats lots of juniors right now though. They stay quiet, dont trade much, but behind the scenes the companies are doing much larger things. Thats why you get these stocks that explode in price out of the blue(PEN, PRC, ect). Even if WPP doubled and then pulled back a few cents, youd still be in the profit zone.

PEN was trading the same way WPP was a year ago, except that where its at right now in terms of production/projects its still doing less than what WPP, but trading at double the price?. I see this play staying quiet until the next report is out/project anouncement. Then we will see it move. Plus the insiders own such a large chunk that their really isnt much available, meaning we need to go higher in price in order for someone to take a larger sized position, also a good sign that managment believes in the company.

I still feel it will go to 25-30 cents in the short term. Do a DD on WPP vs NOG, DZR(Similar LLoyd plays) and then PEN and you'll see what I mean. Best of luck trading!

[JonnyR512]

Another big thing I look at is the surrounding area and whos there. Nov.30 2009, Husky purchased a large chunk of assets from Penn West in Lloydminster. I think that with newer, heavy oil technology, this could create a buying frenzy from larger players, similar to whats happening in the Bakkens with Crescent Point, Encana, ect. This will then impact the juniors positively by bringing buying interest into their stocks.

Husky Lloyd article---> UPDATE 1-Husky buys Lloydminster heavy oil properties | Reuters

Oil isnt going down(maybe back to $65-70) and oilsands are not cheap. Heavy oil is gaining interest again.

[JonnyR512]

http://www.er.gov.sk.ca/adx/aspx/adx...29%2C+2010.pdf

Page 28/30, WPP Sparky Sand Oil Well approved. This must of been part of that PP done on the 20th, because the application was submitted on November 25th 2009 and approved January 18th 2010. I hope they release an official update once the well has been spudded.

Looking at the agreement, this is not a reactivation, its an actual well thats going to be drilled.
http://www.er.gov.sk.ca/adx/aspx/adx...arget+Well.pdf

[JonnyR512]

Western Plains Petroleum Ltd
Symbol WPP
Shares Issued 32,137,274
Close 2010-02-23 C$ 0.15
Recent Sedar Documents



Western Plains to buy Maidstone oil and gas rights


2010-02-24 14:43 MT - News Release

Mr. David Forrest reports

WESTERN PLAINS PETROLEUM TO ACQUIRE MAIDSTONE INTERESTS

Western Plains Petroleum Ltd. has entered into an agreement to acquire 100-per-cent working interest in petroleum and natural gas rights located at the W/2 of 25-23-48 W3M, located in the Maidstone area of western Saskatchewan, from a private non-arm's-length oil and gas company for a cash purchase price of $30,000. There is a history of heavy oil production from this block and the company is negotiating with an operator in the area to acquire two shut-in wells also located on these properties.

The proceeds for this acquisition will be provided from working capital. Closing of the acquisition is expected to occur this week, subject to normal industry conditions and the approval of the TSX Venture Exchange.

We seek Safe Harbor.

[JonnyR512]

Western Plains Petroleum Ltd
Symbol WPP
Shares Issued 32,137,274
Close 2010-04-06 C$ 0.145
Recent Sedar Documents



Western Plains P+P reserves at 426 MSTB in 2009


2010-04-07 16:43 MT - News Release

Mr. David Forrest reports

WESTERN PLAINS PETROLEUM ANNOUNCES RESULTS OF 2009 RESERVE EVALUATION

Western Plains Petroleum Ltd. has released the results of its independent reserve evaluation prepared by Chapman Petroleum Engineering Ltd. in accordance with National Instrument 51-101 -- Standards of Disclosure for Oil and Gas Activities (NI 51-101) for the year ended Dec. 31, 2009. The Company's statement of reserves data and other oil and gas information for the year ended December 31, 2009 (NI 51-101 F1, F2 and F3) have been filed on SEDAR and are available on the Company's profile at Welcome to the SEDAR Web Site / Bienvenue au Site Web SEDAR.

The following tables summarize the oil and natural gas reserves and the value of future net revenue of the Company as evaluated by Chapman as at December 31, 2009 in its report dated February 19, 2010 (the "Chapman Report"), and summarized in the Company's NI 51-101 F1 filed on SEDAR.

All evaluations of future revenue are after the deduction of future income tax expenses, unless otherwise noted in the tables, royalties, development costs, production costs and well abandonment costs but before consideration of indirect costs such as administrative, overhead and other miscellaneous expenses. The estimated future net revenue contained in the following tables does not necessarily represent the fair market value of the Company's reserves. There is no assurance that the forecast price and cost assumptions contained in the Chapman Report will be attained and variances could be material. Other assumptions and qualifications relating to costs and other matters are included in the Chapman Report. The recovery and reserves estimates on the Company's properties described herein are estimates only. The actual reserves on the Company's properties may be greater or less than those calculated.

[JonnyR512]

WPP's Q4 results and 2009 total results came out today, here is a quick summary of it:

-WPP now has 15 wells, which 11 were producing, 4 shut in(two not included in this because they are from the Q2 Feb news from Maidstone)
-Only $200,000 in debt as of December 31, 2009
Net income of $12,000 for Q4, and 2009 loss of $272,000(mostly
incurred in Q1 when oil prices were less than $40 per barrel).
Q2 was a positive quarter, only after the numbers were adjusted
to include the net sale of their Golden Bear property for around
$2 million, otherwise Q4 was Western plains only profitable quarter
solely from revenue.
This means that debt and costs are decreasing, while revenue increases,
so therefore Q1 2010 should be very good. They should be able to end Q1 with no debt, with higher production and
great revenues.
- Still have four wells to recomplete, plus other potential
acqusitions.
- 36 million shares oustanding including warrants and options
- cash on hand, doesnt say how much, but from positive revenue and
the two private placements their should be a decent amount.

[JonnyR512]

WPP Level 2

Orders/Shares Price Price Shares/Orders

1 / 15000 0.13 0.145 10500 / 1
3 / 42500 0.125 0.15 46000 / 2
2 / 97500 0.12 0.16 91000 / 1
2 / 24000 0.11 0.165 15000 / 1
1 / 25000 0.1 0.195 3000 / 1
1 / 200000 0.06 0.2 1500 / 1
1 / 50000 0.04 0.32 10000 / 1

[JonnyR512]

Western Plains Petroleum Ltd
Symbol WPP
Shares Issued 32,137,274
Close 2010-04-12 C$ 0.15
Recent Sedar Documents



Nordic Oil sells 50% of Lloydminster to Western Plains


2010-04-13 11:10 MT - News Release

See News Release (C-NOG) Nordic Oil & Gas Ltd


Mr. Don Bain reports

NORDIC FORMS STRATEGIC ALLIANCE WITH WESTERN PLAINS PETROLEUM LTD. SELLING 50% INTEREST IN LLOYDMINSTER PROPERTY FOR $2.5 MILLION

Nordic Oil and Gas Ltd. has entered into a strategic alliance with Western Plains Petroleum Ltd., whereby Western Plains will acquire a 50-per-cent interest in Nordic's landholdings and heavy-oil wells in Lloydminster, Alta. In consideration of this agreement, Nordic will receive a total of $2.5-million from Western Plains, consisting of $2.1-million in cash and $400,000 of Class A common shares of Western Plain. Nordic will retain the other 50-per-cent interest in the company's Lloydminster landholdings and heavy-oil wells.

Western Plains is a Lloydminster-based junior heavy-oil producer with interests located in the Lloydminster area in both Saskatchewan and Alberta. It is a leading operator of heavy-oil wells in Lloydminster, and in conjunction with this deal Western Plains will become the new operator on all of the Nordic wells located in Lloydminster.

"This is a deal of significant magnitude and importance for Nordic Oil and Gas," stated Donald Benson, Nordic's president and chief executive officer. "Firstly, it provides us with a much needed influx of capital which will allow us to move forward on numerous fronts. Secondly, we could not be more pleased to be associated and working with Western Plains, an experienced, competent and successful operator in the Lloydminster region.

"I am confident that with their skill and expertise, we will see the value of our property strengthen considerably in the coming months, leading to solid cash flow and many new growth opportunities for us in Lloydminster," he added. "Furthermore, I see this strategic alliance as a stepping stone to other deals with Western Plains down the road."

It is anticipated that Western Plains will commence bringing on the five new wells that Nordic drilled at the end of 2009 as soon as possible, resulting in almost immediate production. In addition, Western Plains will also turn its attention to some of the maintenance issues facing Nordic's other nine wells, meaning that all 14 wells are expected to be on full production in short order.

"We are indeed excited at the opportunity of working with Nordic Oil and Gas in Lloydminster," said David Forrest, president and CEO of Western Plains Petroleum. "Our strength has always been that of an operator, and together with Nordic's strong landholdings in the area, I'm sure both companies will significantly benefit from this agreement."

Western Plains' president and CEO, Mr. Forrest, has over 15 years of experience in developing heavy-oil plays located around Lloydminster and Maidstone, Sask. Mr. Forrest founded IC Energy Ltd., a private oil and gas exploration and production company, building production to approximately 750 barrels of oil equivalent per day, with petroleum and natural gas leases totalling 5,440 acres, before selling to Arsenal Energy Inc. on March 31, 2005, for a purchase price of $10-million.

The completion of the transaction is subject to receipt of all required regulatory and securityholder approvals, including the approval of the TSX Venture Exchange.

We seek Safe Harbor.

[JonnyR512]

15c resistance level is gone, new level will be in the 20's soon. Level 2 is quite thin on the ask side.

Level 2

Orders/Shares Price Price Shares/Orders

1 / 1000 0.16 0.175 10000 / 1
1 / 25000 0.155 0.18 103000 / 2
1 / 66000 0.15 0.195 3000 / 1
1 / 5000 0.145 0.2 1500 / 1
1 / 2000 0.14 0.24 40000 / 2
1 / 15000 0.135 0.25 26000 / 1
1 / 15000 0.13 0.32 10000 / 1

[JonnyR512]

Western Plains Petroleum Ltd
Symbol WPP
Shares Issued 32,137,274
Close 2010-05-17 C$ 0.14
Recent Sedar Documents



Western Plains signs LOI to acquire heavy-oil interests


2010-05-18 15:01 MT - News Release

Mr. David Forrest reports

WESTERN PLAINS PETROLEUM ENTERS LETTER OF INTENT TO ACQUIRE LLOYDMINSTER HEAVY OIL INTERESTS FOR $1.5 MILLION

Western Plains Petroleum Ltd. has entered into a non-binding letter agreement with two private oil and gas companies, Corlac Resources Ltd. and Brahma Resources Ltd., to acquire a 100-per-cent working interest in certain jointly held petroleum and natural gas rights located in the Lloydminster area of Saskatchewan for a purchase price of $1.5-million, subject to standard industry adjustments. The Transaction is expected to close on or about June 18, 2010, with an effective date of May 1, 2010.

The Company has reserved 10,000,000 common shares ("Common Shares"), at a price of $0.15 per share, as the consideration for the $1.5 million purchase price. These Common Shares are intended to be issued and allocated as to 5,000,000 Common Shares each to Corlac and Brahma at closing of the Transaction.

The Transaction contemplates Western Plains acquiring Corlac/Brahma's jointly held 100% interest in 920 gross acres (920 net acres) of land in the Lloydminster area containing two active wells, located at 13-06-51-25 W3M and 14-32-48-22 W3M, 10 shut-in wells and three identified drilling locations, for a total of 12 gross wells (12 net wells). The Assets were evaluated by the independent engineering firm of Chapman Petroleum Engineering Ltd. ("Chapman") in a report prepared for Brahma Resources Ltd. entitled Reserve and Economic Evaluation Certain Heavy Oil Interests Lloydminster Area Saskatchewan, effective March 1, 2010, dated April 28, 2010 (the "Chapman Report"), in accordance with the rules under National Instrument Standards of Disclosure for Oil and Gas Activities ("NI 51-101"). The Chapman Report has been prepared in accordance with the standards contained in the Canadian Oil and Gas Evaluation Handbook and the reserve definitions contained in NI51-101.

Western Plains has called its annual general and special meeting for June 18, 2010 to seek shareholder approval for, among other matters, the Transaction in accordance with the Exchange's policies. The votes of Mr. David Forrest, President and CEO of the Company, who is also the President and CEO of Brahma, who hold 35.6% of the outstanding Common Shares, will not be included in the calculation of shareholder approval sought for the Transaction at the annual general and special shareholders' meeting.

The Transaction will enhance the Company's presence in the Lloydminster Alberta/Saskatchewan area by increasing the number of producing wells to 8 gross (8 net) wells and its inventory of shut-in wells with re-entry and re-activation potential to 13 gross (13 net) wells. Currently, the Company holds interests in 6 gross (6 net) producing wells and 3 gross (3 net) shut-in wells in the Lloydminster, Alberta area.