OTCPK:WSRLF - Post by User
Comment by
miner49er62on Nov 12, 2009 10:40am
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Post# 16479305
RE: 73 cents resistantce level?
RE: 73 cents resistantce level?WZR has a better area than VST if only because they have established oil and gas on their property while VST hasn't even turned a bit yet.. They have a larger percentage of ownership, they have more money and little comparison in the quality of the play as yet. WZR struck oil in the first well, which normally would have been pursued with a new well had it not been for the terms of their contract to drill these three wells as a priority. My opinion is that the first well is a success but because of the stuck bit, we get no credit----yet.
The second well also is money for WZR but dissapointment on the gas.
IMHO there is little comparison between the two companies and no comparison in where the shareprice should be. VST hasn't even put a drill in the ground yet. So are you giving points for the fact that they have taken no risk yet?
WZR has clearly established hydrocarbons in both wells so far they have yet to value them and clean up the first one.
I think this is a success story yet to be cleaned up
I wish Mgmt would get better IR people though and keep us more up to speed on company situations. It bugs me when certain individuals can get info from the drill site and profit from that while the rest of us trustingly wait to be informed. We should protest that unfair situation.
Miner