OTCPK:WSRLF - Post by User
Post by
godfroggeron Apr 25, 2010 6:12am
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Post# 17028480
WZR
WZR
You missed me muley? I work three week shifts and I dont hit the computer much while Im off. I see you've been busy here though. The last messages I remember before I left were you writing that I was wrong and the rig they have is just fine and they dont need to change it, then the news came that they are looking for a new one. And before that you wrote that I was wrong and there were no well control problems, and then the news came that they had once again cemented the BHA downhole. You know nothing.
Kaos, gas and condensate do not increase your odds of finding oil in Alberta. Particularly in the WCSB where we see normal pressure gradients over most of the basin (unlike zagros belt or foothills alberta), gas can indicate that the pressure/temperature window for oil has been exceeded. Im not suggesting this is an "always" rule or trying to contradict your friends, Im only trying to add to the dialogue. Geochemical analysis of gas or condensate or of oil can determine its type, transit, temperature history, etc. (google kerogen). I think this is what they must have tested on the condensate we've already discovered to suggest that it is from an oil leg.
Somebody said WZR and VST are neck and neck? WZR has a market cap around $176MM and VST has a market cap around $142MM. If anybody wants to break down the block interest of each we could have an interesting discussion I bet, but on the surface it suggests only a $34MM value to the work WZR has already done relative to the VST price.
As for which partner is better, personally I prefer to invest in companies that are operater because they are the ones that control the costs and the timeline. In my experience the bigger the oil company the more expensive it is for them to operate.
Should be news soon? Lets hope its a monster!!