OTCPK:WSRLF - Post by User
Comment by
canadafoxon Nov 25, 2013 2:20pm
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Post# 21939217
RE:CATALYSTS
RE:CATALYSTS not4;
+ve
1) H-1 Jeribe results imminent. H-1 Oligocene very probable by end-2013. The Earth MAY stop spinning tomorrow. Likelihood ??
-ve
1) No idea for Chandler's sell apart from their purchase of AOI 2 days before a material RNS...
2) Tax loss adjustments are Nth America specific and a blip if the company has prospects. Sell / re-purchase as normal?
3) Unless the flow meter on S-1 Jeribe that I read as 6K bbls/day was faulty then WZR successfully completed that zone. The trucks WERE carrying light oil... S-1 Jeribe maximal production modelled at 17K bbls/day. We shall see on the planned S-1 work-over 'soon'. Completely wrong statement and one verified as such by the known facts.
4) The KRG export pipeline is prepped and full of oil. Multiple news reports attest to this. WZR S-1 production re-start therefore also imminent. Payments to Kurdi E&Ps ( including WZR ) accordingly known to be imminent.
5) B-1 is still drilling and so any comment there is a fantasy ( +ve or -ve ). A completely incorrect assertion at this time. It's called 'Exploration' for a reason.
6) All categories of reserves are very unlikely to take a hit when CP reports. Existing contingent on Kurdamir very likely to remain the same at around 400 MM bbls and 700 MM boe. Prospective ( i.e. previouslly uncertain ) resource is likely to be significantly less as the company has already guided. That's E&P...
7) See 1) +ve above.
I think it is fairly obvious what you are up to?