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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
Comment by Dirdrilleron Dec 14, 2009 12:28pm
440 Views
Post# 16584683

RE: News / Drilling Update

RE: News / Drilling UpdateThe setting of 9 5/8" casing is an extremely big deal, that's why they released this news.   The last string of casing was a 11 /34" so the biggest hole size they could drill was 10 5/8", which I doubt they drilled, hard to find bits in that size.    They most likely drilled a 8 3/4" hole with the expectation of opening it up later.   Now comes the tricky part.  To run 9 5/8" casing you need a 12 1/4" hole size to get a proper cement job.  To accomplish this they would have to run a 12 1/4" underreamer and open the hole up to 12 1/4".  Running underreamers is a risk by itself little alone running one in an unstable hole.   Also getting the casing  in the hole afterwards and also getting a good cement job is a major step forward.  Again this is great news.   From now on It should be fairly smooth sailing, the most complicated part of the well is done.  The Cretaceous interval shouldn't give them as many problems as the upper Tertiary did.  Now we just have to wait for results which should be forthcoming shortly.   Hoping they find mass quantities of  oil down in those Cretaceous zones and we get good results from the Iraqy new oil/gas laws.   Then it's to the roof Norton... to the roof.


GL to longs.
Bullboard Posts