Project Details

Project Details

NE Caldwell Gas Project - USA

WGE, which is a subsidiary of Rasan, is the primary owner company of NE Caldwell Gas project in Louisiana, USA. The project is in its late stage of development after Rasan Group and partners injected $22m to develop 3 wells and the main facility station. WGE is currently undercapitalized for a further $5 million to reach a proven reserve status and commercial sales with its existing wells and potentially can develop up to 200 wells on 10,000 acres land under concession. WGE is a reporting company with SEC with plan to be listed expecting a high potential of upside in the value of shares.