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WESTERN POTASH CORP T.WPX

"Western Potash Corp is engaged in the acquisition, evaluation, and exploration of mineral properties containing potash in Western Canada. The Company holds interests in the Milestone Project located in Southern Saskatchewan."


TSX:WPX - Post by User

Bullboard Posts
Post by Potashproon Feb 17, 2010 11:32pm
343 Views
Post# 16793983

Nat Gas

Nat GasI am going to assume a few posters are unaware of how the Oil & Gas business works.  What they've got is commonly referred to as highly prospective lands, however they have not identified drill targets, or drilling methods, no idea on potential flow rates, depth, etc...I wouldn't get too excited about this guys even if it may ultimately be proven to be a decent pool(s).  Need to see more data on the potential pay zones and that will come through the drill bit.  What it looks like to me is the very, very early days of a possible gas play - something that someone would already have known prior to acquiring the original leases.  The fact that they halted for what amounts to a potential to identify drill locations tells me the company is more than likely gearing towards a shift from Potash to Natural Gas.  Call me crazy, but I believe in 3-6 months this will no longer be a Potash exploration company.  But who could blame them?  Personally, I don't think you'll see any additional Potash targets in Canada.  There are better prospects overseas.  Anyways, good luck, there could be some short-term upside from here.
Bullboard Posts

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