OTCPK:WSRLF - Post by User
Post by
juansabrosaon Jun 10, 2010 1:24pm
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Post# 17177541
WZR vs. Sterling Energy in Kurdistan
WZR vs. Sterling Energy in KurdistanI stumbled across something quite interesting today, maybe others have noticed it as well.
Sterling Energy, the british company drilling in the kurdish Sangaw North block, has given an update today on the drilling progress:
https://www.sterlingenergyuk.com/sangawnorth10june.aspx
Apparently they have encountered gas shows so far. This normally might not be interesting in relation to WZR, but on the new of the gas shows, the Sterling Energy share price shot up almost 30%:
https://www.google.com/finance?q=LON:SEY
I clearly remember when WZR hit their gas/condensate discovery, the share price plunged from 1.34 to 0.73 in one day. So why the difference in stock reaction? Any views?
Take care