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WISR Ltd V.WZR


Primary Symbol: WSRLF

Wisr Limited is an Australia-based neo-lender company. The Company provides a collection of financial products and services. The Company is engaged in writing personal loans and secured vehicle loans for three, five and seven-year maturities to Australian consumers, and funding these loans through the warehouse funding structures. It provides a Financial Wellness Platform underpinned by consumer finance products, the Wisr App. The Wisr App helps Australians pay down debt, multiple credit score comparison services and Australia’s first money-coaching app Wisr Today. Combined with content and other products that use technology to provide better outcomes for borrowers, investors, and everyday Australians. The Company’s products include loans, credit scores and round up. Its credit score is a summary of financial habits, and helps lenders get to know its customers. Its loan products include debt consolidation loans, car loans, medical loans and others.


OTCPK:WSRLF - Post by User

Bullboard Posts
Post by JamesRoyalon Aug 06, 2009 3:14am
750 Views
Post# 16195102

Exciting news elsewhere

Exciting news elsewhere

6 August 2009

Gulf Keystone Petroleum Ltd.

("Gulf Keystone" or "the Company")

Significant Oil Discovery in the Kurdistan Region of Iraq

Shaikan-1, Shaikan Block

Gulf Keystone Petroleum Ltd. (AIM: GKP), an independent oil and gas exploration company announces that Gulf Keystone Petroleum International (50% GKP, 50% ETAMIC) has made a significant discovery at the Shaikan-1 exploration well. The well is located in the Shaikan Block, situated near the city of Dihok, approximately 85 kilometres North-West of Erbil in the Kurdistan region of Northern Iraq.

 

The well has encountered oil in the Sargelu formation at a depth of 1,450 to 1,510 metersShallow zone live oil shows within the formation were announced on 24 June 2009 on initial drilling. Preliminary test rates indicate 5,00to 8,000 barrels o21 to 22 degree API oil per day with wellhead pressures of 380 to 295 pounds per square inch. The measured oil properties for this section are comparable to the oil now being produced at the Tawke Fieldlocated to the north west of the Shaikan Block.

Gulf Keystone will use this new data along with existing seismic and geological data to evaluate the potential resources discovered in this formation. GKP is currently using 300 to 500 million barrels of oil in place as a preliminary estimate for the tested interval.

In addition to these well test results, it should be noted that the primary zones of interest for the Shaikan-1 exploration well are the underlying Alan and Mus formations, in which we are targeting potential further oil bearing zones with possible oil in place values in excess of 1.5 billion barrels. Indications are that these formations will yield additional oil-bearing zones as we drill ahead to our next casing point at approximately 2,500 metres, following the current well test, before subsequently reaching final target depth at 3,200 to 3,500 metres, depending on well results.

Todd Kozel, Executive Chairman of Gulf Keystone, commented: 

"We are excited by this initial discovery, the first ever successful oil flow test from the Sargelu formation in Iraq. 

We are also encouraged by the implications of this initial discovery for the prospectivity of the remaining portion of the Shaikan-1 well, and the two recently acquired blocks to the west of Shaikan, especially the Sheik Adi Block (80% GKPI).  

These initial results offer an early validation of the company's decision to redefine its strategic focus on the Kurdistan Region of Iraq."

:) Big cheesy smile as i hold, but think on WZR holders we could get similar news one day and posted up to give others hope.

Having a big party, but nothing like will do if WZR catch up. Wouldn't want to be out IF we get similar news would you!!!

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