WISR Ltd V.WZR

RE: RE: ironman64

[cardman503]

Let's be reasonable. How is this investment similar to gambling at a casino, buying lotto tickets or picking ponies? This is a company drilling in a hand picked, oil prone block in one of the worlds greatest oil bearing areas, at a significant seismic target with a well that had the partners excited enough to want to sidetrack and pursuit the oil shows. Statistically speaking, these factors and many others that have been discussed at length on this board would weigh favorably in favor of a discovery. You could list the factors, assign outcome probabilities and then determine how solid an investment this is both in terms of discovering commercial hydrocarbons and in different quantities- isn't that what odds makers do? I have not done this because I do not have enough industry knowledge to accurately assign probabilities to all the factors, but IMO,  this stock at this price with this much upside potential against the downside of an uncommercial discovery or no discovery seems weighted towards the former. If they fail in this attempt to produce a commercial oil well, there is residual value, where lotto tickets are scrap paper.  Patience and perserverance are both noble qualities, and this investment has tested both!