TSXV:ART.H - Post by User
Comment by
oilkidon Mar 24, 2010 6:19pm
342 Views
Post# 16920773
RE: WZR went up 500% quickly into drilling
RE: WZR went up 500% quickly into drillingGet your facts straight. The reason why WZR and VST went up in May of last year is because of two reasons.
# 1 - HOC made a huge discovery - they started the ball rolling
# 2 - Gulf Keystone made a discovery as well. Their discovery made more of any impact because the pool of oil they found was around 1 billion barrels more then what was expected. That alone set every company off in that region due to the fact it is possible to find oil of that size in the area.
500% increase is a little to far fetched.... WZR was trading at $ 1.30 after they spuded the second well and jumped to $ 2.00 because of the Gulf Keystone find. Vst also enjoyed the benfits of this find as it's price also increased.
Target wise WZR has always stated there is a unrisked 2.4 billion barrel on this well being drilled. 2.4 billions barrel isn't small by any means and $ 1.30 - $ 2.00 is not a 500% increase.... please stop with your nosense posting your starting to sound like an idiot...
Cheers and good luck to all longs our day will come !!