OTCPK:WSRLF - Post by User
Comment by
mikerosoft666on Jan 05, 2009 4:53pm
![](https://assets.stockhouse.com/kentico-cms/0342-00/images/Sprite.svg#id_Post_Views_Icon)
355 Views
Post# 15683540
RE: RE: I can tell you exactly what's happening...
RE: RE: I can tell you exactly what's happening...
I like this play right now. Positive buzz during a time when market seems to be convincing itself that it has priced in the bad news coming on the economy, and with oil going up ( like the tide floating all boats ), it seems like the expectation for WZR is strong. If we can get TD and get some high test results of the reservoir I think we could really see a nice spike on this one.
Some guys I've talked to have very high SP expectations on longer term hold and I will probably hold maybe 5000 going forward if they have very very good reserve here. Don't forget there are two more wells nearby that are scheduled to drill and if they can get this one into production quickly then they can fund themselves. We have seen that oil is afraid to get much lower than $40 with any seriousness so risk feels slightened now.
Threats are obviously if the Kurds decide that they are the super tribe and all else should bow before them... then we are screwed. But so far they seem to just want to be left alone by all the other BS going on in the region. I think they are glad that they are no longer being targeted by psychopaths from BaghDad...