OTCPK:WSRLF - Post by User
Comment by
muley1on Feb 10, 2010 12:27pm
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Post# 16771333
RE: RE: RE: NelsonForties
RE: RE: RE: NelsonFortiesGgrelette
I agree with your comments until you mention the easy oil has been exploited. WZR has 500,000 acres to explore and their neighbours have as well large PSC's. To the best of my knowledge the majority of these areas are basically virgin territory. ie on WZR's ground prior to their arrival there was no other drilling on their ground. So we really are at the pioneer stage on these areas in Kurdistan. There has been little exploration past 4000 meters. However their neighbours have proven that there is oil in abundance in the zones leading up to 4000 meters. I strongly beleive everyone will be surprised and handsomely rewarded for the oil WZR has discovered in their current hole in the bottom zones.
As well now that the mystery of their current hole is unravelled can you imagine the success they will have, now knowing where the oil bearing zones are in relation to the gas. The next hole as they drill down into the flanks of their existing deposit will not only hit oil in the first zone but as well will be able to tap into the lower oil bearing zones. As well they will likely have a rig capable of sustaining higher pressures than the one they are currently using to test the levels below 4000 meters which as well obviously holds hydrocarbons. Or perhaps they will use their existing rig and ensure the hole is cased down to the 4000 meter mark prior to entering the high pressure zone.
At any rate we are currently at an a price that creates an incredible opportunity for those that are holding and buying at these levels.