OTCPK:WSRLF - Post by User
Comment by
muley1on Feb 18, 2010 2:11pm
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Post# 16796510
RE: Question for the Captain
RE: Question for the CaptainMy take on this situation is we do have an experienced management team as well as an experienced partner in Talisman. They know what they are doing !! They did select a rig that was completely adequate for this site. This is an exploratory hole and is yielding a tremendous amount of information. So what if they go no deeper in this hole.. This is not a big deal in my estimation as they are now planning on drilling a step out hole here. Why??? Because they have hit something very rewarding, no question!! With the next hole they can have the equipment on hand to deal with the extreme high pressures they have undoubtably encountered. I believe right now management is thinking , a bird in the hand is worth two in the bush!! They have in my estimation made a very good discovery here but need to get some meaningful tangible data together before they can disclose any factual information to the shareholders. This is exactly what they are working on at this time. If this takes time I am completely prepared to wait as I know the reward is potentially great.