OTCPK:WSRLF - Post by User
Comment by
canadafoxon Dec 01, 2014 9:50am
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Post# 23180316
RE:jwboorma; Here is some of what we know
RE:jwboorma; Here is some of what we knowgibbons; The problem for people like you is that you cannot help but step outside your very limited area of expertise and thereby reveal your nakedness. There is always one revealing insight into the heart of the sh|t-cloud. And, here is a prime example...
'Add to the 4M what is happening in Australia’s Arckaringa Basin plus their off shore developments and the long term oil picture gets much worse.'
Oh, yeah? LInc ( the company involved ) is out with cap-in-hand currently to get exploration funds . Good luck with that at a $65 oil price. However, the uninformed ( that's you BTW ) need to be made aware that a totally new and unfunded major unconventional play ( cf. Bakken etc. ) even if successful will need at least a decade to make any impact on world production. South Australia is basically an enormous desert in the North and there is no infrastructure from the Linc licence area to 'civilisation' and export facilities. It will take $Bn following on from successful appraisal drilling - even if the undrilled wells needed are succesful.
You get the picture? I will not even bother with the remainder of the omelette of 'facts' that you have thrown against the wall. Give it up - it is embarassing.