OTCPK:WSRLF - Post by User
Comment by
muley1on Feb 23, 2010 2:44pm
418 Views
Post# 16811737
RE: Insurance Question
RE: Insurance QuestionSome good questions re insurance and obviously one would have to see the policy or receive input from the company on this. I do not beleive they made a claim on the first well. You can rest assured if they are proceeding with a claim they will make it a good one in the neighbourhood of $10 Million. Again the very fact that they are toughing out this well is a good indicator as they have a good idea of what is there and are willing to do what it takes to test this well. Put it this way if they did not think they could control this well they would have backed out and headed in another direction.
I think what the shareholders want to hear is that the well is under control and operations are proceeding as normal.
I presume they are close to being able to say this and will likely give us an update on that when it happens.