OTCPK:WSRLF - Post by User
Comment by
canadafoxon Nov 10, 2013 8:05am
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Post# 21892263
RE:RE:RE:RE:Attention all....
RE:RE:RE:RE:Attention all....tw; WZR do have people with API42's general area of expertise on their staff as they have successfully cemented S-1, S-1 Jeribe, K-1, MQ wells without having obvious problems with cement bonding / channelling. However, their much larger partner now has uncovered this issue. WZR recognised that API presented an opportunity to acquire very specific abilities that may be useful to both TLM and themselves in future. Smart move IMO. No-one knows everything... look at Macondo for how easy it is for cement problems to cause major problems for even the largest and most capable organisations.
Your question is better tendered to Talisman is it not? They are the people with the obvious problem. It is WZR investors that have had to suffer though.
I do not agree with you on the conference call. There is a great risk of alienating a general investor audience by deviating into abstruse technical detail that may or may not prove to be pertinent. I have never participated in such a scenario and would not think it appropriate even though I would be more interested in such a discussion than the average investor. Who would discuss it? There was no-one on the WZR side that had the necessary specific experience as they said. They would have needed their technical specialists to be on the call to even begin to digest the material. Investors are no worse and likely considerably better off for WZR's actions in paying considered attention to API42.
My comments on 2 major holders selling down are these FWIW. TAQA sold out because they were thwarted by the KRG's award of the Garmian TPIs to GazProm Nefte. They were interested in the operator's position is my guess and not being a minority shareholder in the eventual non-operator. They got what they wanted by buying out GEPCO at Atrush. Chandler are an investment house and have not sold 'out' as they still hold a 10% interest. I have no idea why they transferred this 5% value in WZR to AOI but perhaps because K-3 was not successful. Why not adjust your portfolio...? AOI's interests are in Africa, not Kurdistan ( Asia ), so your point is based on a false premise in any case.