OTCPK:WSRLF - Post by User
Comment by
kinematikon Nov 24, 2013 4:46am
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Post# 21935638
RE:RE:RE:RE:RE:Why Chandler was eager to liquidate?
RE:RE:RE:RE:RE:Why Chandler was eager to liquidate?Cfox.
I can only agree with you that shamaran havent given its long shareholders value this year.
But Atrush seems to be a real nugget, TAQA recently came out with a new PIIP number, 3,5 billion compared to the 2,7 billion discovered PIIP we have from 3rd party.
Ceo says that he expects an recovery factor of 30-40% due to aquifersupport like TaqTaq has where he was ceo for Addax that got taken over by Sinopec.
Footwall is still undrilled and could hold as much or more oil than hangningwall, akri bijeel just hit light oil in there FW well Bakrman wich should be on trend with atrush, and Shaikan.
All kurdistan juniors have had a rough year, wouldnt you say?
It dosnt matter how much oil you find if you cant export it.. Look at GKP and its SP.
But now with independant exports coming i think the true potential of Atrush will be revealed.
An full field prospective report will be released early next year now that 3D covering the whole field is completed it says in our Q3.
Also we probably will be booking some reserves in february. And then we have at4 well wich should be fantastic as its drilling our undrilled crest, 800 meters of oilcolumn.
Then we have the stockmarket, SNM is listed on two exchanges. And an massive amount of shares have been moved and sold on other market, so the ratio of shares have gone from 2,3/97,3% to 38/62%. But now they seem to have finished.
So i think the coming months are ours.
Regarding aoi i think its funny how the share goes up without knowing if the wells are commercial, no flows have been presented and in previous wells they even presented "potential netpay" haha
cheers