OTCPK:WSRLF - Post by User
Comment by
muley1on Feb 15, 2010 11:14pm
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Post# 16786572
RE: BIG week coming!!! IMO.
RE: BIG week coming!!! IMO.I am also heavily into this one. This is one of the best opportunities on the venture exchange at this time IMHO. We have the first well which J. Shactner has called a commercial deposit. We have this second well which has a tremendous gas find in the first zone capable of bringing in $100,000 to $200,000 in revenue/day once gas exports and infrastructure are in place. Now we have just completed the last 1300 meters of the second well and have been told that oil has been found. We are now awaiting the hole to be logged, cased and then tested. If this is a small zone then it should require a limited amount of testing and results will be quick. However if it is a major find ,the process is arduous, with all the oil bearing zones requiring perforation of the pipe(through explosives) Once the zones are all perforated testing can begin. If the oil bearing zone is like some of their neighbours, then 500 foot to 1000 foot zones are possible. Remember this is elephant country. I am looking foreward to very good results from this well. As this stock was at $2.90 this fall prior to this latest discovery I find it extremely undervalued at this time. I fully expect it to pass the $1.00 mark this week. Good luck to all longs!