OTCPK:WSRLF - Post by User
Comment by
miner49er62on Feb 13, 2010 11:53am
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Post# 16783273
RE: Not Disputed
RE: Not DisputedThanks Cellar_rat, WZR has already commented on the dispute between the KRG and Iraqi GVTs and basically we are expecting a resolution after the election. AS you say we are not in an area where the land itself is in disputed ownership.
The USA is also assisting to resolve this issue and prevent it from deteriorating into a fractious nit pick again. Both sides want this issue put to rest as they are both in desperate need of continued foreign capital investment. Without the expertise and money flowing into both regions right now, their wells would continue to dry up as flow rates decline due to lack on maintainance and expert refurbishment of degraded wells. There would be no new discoveries in the north without our investment capital and assistance their economies would continue to be insufferable.
Without a modicum of risk however, the share prices would be beyond most of us as well, so the limited risk there is left on the table helps to add to the speculatiuve leap all these stocks will take when this issue is resolved(which it likely will be soon). And then of course, there is the possibility of a huge oil find. You can't get this action anywhere else in the world.
Risky yes, rewarding my goodness gracious yes!!!
Miner