WISR Ltd V.WZR

Primary Symbol: WSRLF

Financial Services Credit Services

Wisr Limited is an Australia-based neo-lender company. The Company provides a collection of financial products and services. The Company is engaged in writing personal loans and secured vehicle loans for three, five and seven-year maturities to Australian consumers, and funding these loans through the warehouse funding structures. It provides a Financial Wellness Platform underpinned by consumer finance products, the Wisr App. The Wisr App helps Australians pay down debt, multiple credit score comparison services and Australia’s first money-coaching app Wisr Today. Combined with content and other products that use technology to provide better outcomes for borrowers, investors, and everyday Australians. The Company’s products include loans, credit scores and round up. Its credit score is a summary of financial habits, and helps lenders get to know its customers. Its loan products include debt consolidation loans, car loans, medical loans and others.

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WISR Ltd

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Comment by godfroggeron Mar 25, 2010 5:28am

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Post# 16921887

RE: RE: RE: Drilling procedure after huge oil find

well, Im not sure what you mean schill?
wasnt the primary target below the seal zone where they stopped drilling? The well has multiple targets, but I think one of them was under the seal and that came in deeper than predicted and with more pressure.
If a formation is the primary target there could be multiple reservoir horizons within it and you dont necessarily need to drill into a new formation for rat hole, just need to get past the last reservoir horizon with enough overhole for logging/completion tools. The reason I dont think the over-pressure zone is due to a huge reservoir of oil is because the company has said it is the seal. The seal is what seals in a potential reservoir by being impermeable and sitting on top so oil cant migrate out (the old reservoir-trap-seal-migration deal). Maybe the formation under the seal has oil, who knows, but drilling into the seal would never tell you.

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