OTCPK:WSRLF - Post by User
Comment by
kaosblueson Jul 03, 2009 11:27pm
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Post# 16116680
RE: News Leak??
RE: News Leak??Maybe a little jump caused by roughnecks calling their girlfriends on hitting oil? Heh heh....I suspect like you Yemen that they are right on top of it, perhaps have already hit it or are just about to, and if so probably this weekend. It is simply a question of how fast they are progressing. They did say that they were going to drill very slowly and cautiously before entering this projected payzone, because they can't afford another drilling disaster like the last one, so perhaps there is a little bit to go yet, and they are taking extreme precautions with the mud et. al.but I wouldn't be surprised to see a big NR next week if & when they hit a good formation. All indications seem to point to the fact that it should be a good one.
Whenever there is potential good news coming the SP always seems to drift upward before we ever hear anything about it, and the SP clearly has been this week on speculation. All the facts are there to analyse it for yourself. Me thinks the SP is going to do a nice little jump next week, if pressed I would say easily over $2 maybe as high as $2.50 ish and not completely outlandish to hope for as high as $3 if the formation is a real doozy. Don't laugh, the seismic sure seems to indicate that it very well may be a gusher and this is only one of a number of possible formations.