OTCPK:WSRLF - Post by User
Comment by
muley1on Mar 21, 2010 4:22pm
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Post# 16907757
RE: RE: Drilling
RE: RE: Drillingdrdjm
With respect to the way to resolve these issues on any subsequent wells drilled. They are in elephant country so if you rope an elephant you are going to have to take the time to tame it. The troubles they are having go with the territory and I can assure you they have learned alot and their crews are now well seasoned and will likely be able to avoid some of the problems they have experienced. That said I am sure any drill crew would have more than they could handle with the pressures this company has been exposed to. Although this well has been a challenge I am very confident that the reward will be well worth our patience. To put this in perspective the gas portion of this well is large enough to supply the needs of the US for one year! That is massive. They have drilled into formations that have oil and gas shows below this massive gas zone. How much? You can rest assured it is significant as they are going to great lengths to test it. Are we talking about 100 feet of oil shows? I say that it will be comparable to Heritage and Gulf Keystone so will be in the 500 foot to 1000 foot range. They have 4000 feet of drilling that they have yet to disclose to us. We are fortunate to be able to invest in a stock of this potential at this price!