OTCPK:WSRLF - Post by User
Comment by
canadafoxon Nov 15, 2013 9:20am
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Post# 21909019
RE:riders88
RE:riders88u; This is what you posted recently...
'One has to be on meth to own this dog .....
Sorry to go from super bull to super bear, but that is how the wind is blowing now-
The wind could change, and as the wind changes ... so do I'
These remarks are not from a voice of reason by any meaure. You admit within it that you are flipping around and also use extreme imagery. There is no rational argument from you for an investment; +ve or -ve, in WZR. You are out. We know that. Why you are out would be interesting if it came with reasoned analysis.
WZR have H-1 Jeribe, B-1 Oligocene and H-1 Oligocene as imminent results from their operated block. The potential contingent resources to the upside are around 250 - 300 MM bbls from these two wells. That is a subject of considered debate surely because the upside could be $750m against an MC of $400m. The value to the lowside from H-1 is probably $200m. These should be added to the known contingent of 300 MM bbls from Kurdamir plus imminent production from S-1 Jeribe. It is easy to make the case for a lowside asset value at $3 per bbl of $1Bn for both blocks and a hi-case of $2 Bn. WZR have other significant prospects in addition to be drilled by end-2014.
If you want to dispute these analyses then go ahead. Investors will be interested I am sure.