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WISR Ltd V.WZR


Primary Symbol: WSRLF

Wisr Limited is an Australia-based neo-lender company. The Company provides a collection of financial products and services. The Company is engaged in writing personal loans and secured vehicle loans for three, five and seven-year maturities to Australian consumers, and funding these loans through the warehouse funding structures. It provides a Financial Wellness Platform underpinned by consumer finance products, the Wisr App. The Wisr App helps Australians pay down debt, multiple credit score comparison services and Australia’s first money-coaching app Wisr Today. Combined with content and other products that use technology to provide better outcomes for borrowers, investors, and everyday Australians. The Company’s products include loans, credit scores and round up. Its credit score is a summary of financial habits, and helps lenders get to know its customers. Its loan products include debt consolidation loans, car loans, medical loans and others.


OTCPK:WSRLF - Post by User

Bullboard Posts
Post by Saturn4on Jul 30, 2010 2:00pm
411 Views
Post# 17311349

Questions ...

Questions ...I do not know much about drilling so I was hoping someone can enlighten me since it appears there are a lot of knowledgeable individuals on this BB.  Here is my understanding.  WZR had problems with the well, those problems stabilized, now WZR is retrieving the drill string.  The last NR said they retrieved about 450 m and about 2400 left to go (If I recall correctly).  Here aremy question(s):

1)  If WZR actually retrieves the drill string (or if they don't for that matter), are they not going to kill the well in any event (not drill any further)?  So, what does it really matter?

2) I believe they have drilled just over 3000 m ... So, once and if they retrieve the drill string (I'm assuming if they retrieve the drill string they can then test the well) -- Is it true that they are then going to test the well?

3) Will the tests even show anything, since I'm assuming they have not drilled to depth? 

Seems to me they are going to have to drill another hole regardless of them retrieving the drill string ... Like I said, I know little about this stuff --- and I have not put too much time in DD -- Just hoping someone can enlighten me here ... I may be waayy of base ...
Bullboard Posts