Here is the abstract and introduction of a paper forwarded by Leif Svalgaard
In this paper it is analysed which of the thousands of stars in the WOW! Signal region could have the highest chance of being the real source of the signal, providing that it came from a star system similar to ours. A total of 66 G and K-type stars are sampled, but only one of them is identified as a potential Sun-like star considering the available information in the Gaia Archive.
This candidate source, which is named 2MASS 19281982-2640123, therefore becomes an ideal target to conduct observations in the search for potentially habitable exoplanets. Another 14 potential Sun-like stars (with estimated temperatures between 5,730 and 5,830 K) are also found in the region, but information about their luminosity and radius is unknown.
Keywords: WOW! Signal, SETI, Search for Extraterrestrial Intelligence, interstellar radio message.
As of October 2020, the WOW! Signal remains the strongest candidate SETI signal. It has been suggested that the signal was produced by hydrogen clouds from Comets 266/P Christensen and P/2008 Y2 (Paris and Davies, 2015). However, this hypothesis has been dismissed by the scientific community, and the source of the signal remains unknown.
Despite the WOW! Signal never repeated, the key aspect was its duration. The signal lasted for 72 seconds, but since this was the maximum amount of time that the Big Ear radio telescope was able to observe, it is likely that the signal would have lasted longer.
The main problem, however, is that the signal never repeated. Follow-up observations of the area conducted by many observatories during several years never detected another signal (Gray and Ellingsen, 2002). Nonetheless, the fact that the signal never repeated, does not necessarily discard that it was produced by extraterrestrial intelligence.
In fact, if we analyse the history of (the few) radio signals that humanity have sent to several targets in the hope of contacting a civilization, none of those transmissions had a long duration or were repeatedly sent for a long time. An extraterrestrial civilization could have opted to behave in a similar manner.
Few attempts have been made to determine the exact location of the WOW! Signal due to the difficulty involved. Despite it was detected in just one of the two feed horns of the radio telescope, the data was processed in a way that does not allow us to determine which of the feed horns actually received the signal.
The other reason that makes difficult to determine the exact source is the high uncertainly in declination: 20 arcminutes. The following image shows an approximation of the two sections of the sky that could contain the source of the signal, each of them with thousands of stars.
The coordinates of the signal are RA: 19h25m31s ± 10s (for the positive horn), 19h28m22s ± 10s (for the negative horn), and DEC: −26°57′ ± 20′, both in J2000 equinox (Ehman, 1997). In this article an attempt is made to create a list of the possible sources of the signal assuming that, if it was produced by an extraterrestrial civilization, their exoplanet is similar to Earth.