OTCPK:WSRLF - Post by User
Comment by
muley1on Mar 01, 2010 1:14pm
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Post# 16829996
RE: RE: Nelson Forty
RE: RE: Nelson Forty I am anticipating further news which will propel this stock higher. I am sure management at this point is somewhat annoyed at the circumstances that has revealed a good zone of oil showings and then to top it off by hitting another high pressure zone near their planned total depth. They obviously drilled to the depth of 4077 meters and were able to control the pressures up till that point. They now have told us that they plan on controlling the Tiger and will hunt it down at a later date when they have a bigger gun. At the same time they want to reveal to the shareholders what they have discovered in the Cretaceous. As you aptly put it this carries a $25 million price tag. Surely people can understand that if this was a small oil discovery they would be dropping this hole and heading for a more productive hunting ground. This high pressure zone/control problem has cost them time and money. Fortunately they have insurance for this so what this is really costing us as shareholders is time.
The fact that they're going to review the entireresource potential of this block now as a result of this well is also a very good sign. I beleive that there is alot we are not being told about the well. However if you take into some of the peices of the puzzle they have given us, it all points to an important discovery for this company. Therefore if all goes well share appreciation is only a matter of time.