gut feeling: keep WZR share price suppressed We can guess that the relationship between WZR and TALISMAN is professional, but cool, at best.
The hawk and the dove.
In as much as the market and WZR shareholders were hoping for a big announcement in November/December, 2011..... Talisman instead went to a "tight hole" status. Effect: WZR stock stagnants ...drifts down .... sentiment down ...worries about MQ-1; Topkhana; and Kudamir-2.
Topkhana is an obvious analogue well to Kudamir.
Can someone opinine: Is it normally to test an upper zone, and not the lower zones ..... perhaps to make a commitment well ,,,,,,,? Is it normal to come back later? What is the advantage?
What can K-2 teach them, that will help them in testing the lower zones of T-1?
Could they be masking a duster, ala other companies we've known recently?
Even MQ-1 is an analogue well, to some extent. Yet there is a shadow of doubt out there.
The only "official clue" concerning Topkhana-1 is this December, 2011 Corporate presentation. Susquehana Research mentioned a buy on TLM recently, and in the blurb no mention of Kurdistan.
With their stock down 43% or so this year, you have to ask why is TLM not playing up the gas discovery or further testing TOPKHANA, this time.
Is it hiding a duster at the lower zones to prevent more share price damage?
If we are lucky, they may be saving money with the current political problems (e.g. no hurry to test or produce). A secondary benefit is to keep WZR share price down.
Then when the buyout offer is $2.00 in 2012, it looks generous .......
Just speculating .... any thoughts?
ulysess