WISR Ltd V.WZR

Daytraders

[muley1]

Sford I presume you have not really been following this stock or you would know this is not their third hole. The first hole does have the potential to be commercial. It could not be fully tested because of a crook in the line caused by a broken bit bypass. There was a major oil show on this well but the company decided to wait till the oil exports started flowing freely before spending the money to take the money to fully test the well.

We are now drilling on the companies second hole. The first 2700 meters produced a major gas find that will bring in between $100,000 to $200,000/day once gas sales and infrastructure are in place. Kurdistan is currently working on opening the export of gas from their land and demand is high from Europe. Aside from the gas there was 2200 barrels per day of condensate /light oil. Right now we are awaiting results from the Cretaceous which was down to the 4000 meter level. The odds of finding oil in these zones is 100% based on results of the list of wells in this area. We now know that they have found oil as reported in their latest press release. These are the zones their neighbours have made significant discoveries. They could provide further elaboration on the nature of this find in the near future. Considering that this stock has been close to $3.00 in August we have very little potential for downside from here and a very reasonable chance that it will exceed the $3.00 level in the next month.

Further to this they are now fully planning on drilling adjacent to this well. Do they need to say more!!! Obviously they have a very nice discovery here or they would be off to explore some of their other choice targets. That said i am very please with the strength and staedy movement this stock is showing. Good luck to all longs. Do not get caught playing for pennies when you can be rewarded with $$$.