WISR Ltd V.WZR

RE: RE: RE: Time Frame for Oil Discovery

[longrider1964]

Good 40,
                 Thats not entirely true. We are within 50 miles of a natural gas pipeline and they are already moving to expand the gas infrastructure. Condensates can be trucked as some other companies are already doing and since production on this well would be at least a year or two off i would think the pipe might be there by then or close enough for us to build a connection cost effectively such that we could get back all our drilling costs up till then as per our agreement. Is it the major find we were hoping for,  no but it would give us cash flow to continue to drill which is our only real problem going forward. U may not see the huge price increase instantly but the cash would allow us to potentially be rewarded quite handsomely down the road on future drilling success, up to the individual investor as to whether they want to wait around or move on. As for what VAST said i would think it is because of their blocks vicinity to existing pipeline infrastructure or they want to concentrate on the oil "spin" in their story as they may not like the downside risk that gas "finds' seem to cause the sp of companies drilling in this region seem to suffer at the hands of jittery investors. Just what i see at present. GLTA longs,
                                                                                                                                                                    Longrider