WISR Ltd V.WZR

RE: predictions

[muley1]

You may have seen my post a few days back where I calculated the BOE of the gas find of this well. That was around 90 Million Barrels which the Government has offered another company $8.50/barrel. That works out to over $700 million in value for the gas which is over $3.00/share. This does not include the condensate which is 2200 barrels/day equivalent. Obviously management is putting great expense into finishing this well off. In other words they beleive it likely will be commercial. Since we are in elephant country this could be from 200 million barrels and upwards. Say it is just 200 million that alone should be worth $3.00 add in the value of their first well which needs to be revamped and tested and things are getting interesting. Add in another well which could be placed on the flanks of this one where they know the ground formations and this gets really interesting. In 2 years this could easily be a Heritage type company with an SP over $10.00, in the meantime a $3.00 plus price range is not unreasonable once the well is tested. By the end of the year with the 2nd well drilled , the mystery of the first well revealed, this well fully tested and $90.00 barrel oil a double from there is entirely possible.