OTCPK:WSRLF - Post by User
Post by
kaosblueson Jun 05, 2010 2:11pm
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Post# 17161657
Misplaced Emphasis
Misplaced EmphasisI think too many on this site are putting all their marbles on whether this well can be saved. Admittedly in the short term it will hugely affect the SP but what is of way more importance in the long term here is the 600 ft of pay zone. If the oil is there rest assured this stock will do very nicely no matter what happens with this particular well. Within a year or so this thing will be worth a heck of a a lot more than it is now as long as the oil is there. It is simply a question of finding it and retrieving it, or at the least knowing it can be retrieved. Get back to basics and quit putting all your attention on one well. More rationality is needed here, as usual it is a sign of flaky, nervous nelly, ignorant market makers. In the long run they tend to sell too soon and fore go enormous profits. My take is that if you believe the block has recoverable reserves (and I think they are are their and are huge) then be prepared to hang in for more than day to day fluctuations, in the medium to long term you should be richly rewarded.