TSXV:ART.H - Post by User
Post by
Buzzwordon Aug 01, 2010 6:47am
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Post# 17313672
Vast is a sleeping giant ......
Vast is a sleeping giant ......
Vast have already encounted oil in the aliiji formation ...a significant discovery for most companies but has been ignored (i.e put on hold ) as they believe there are bigger targets to drill.
The aliiji reservoir was also encountered by WZR drilling kurdamir and tested significant hydrocarbons.
WZR had extreme bad luck , but are persisting with this structure as they have also experienced high grades of oil in both the shiranish & kometan reservoirs.
All this share manipulation is geared to push the sp down so any mugs looking to sell just before drilling do so because they are scared of losing 5% to 10% of there money as opposed to looking at the upside which cud be 100% +
Now I did not expect the sp to be near where I bought a year ago but I am confident that oil is beneath qara dagh ...big anticlines mean huge oil traps ( every antcline in iraq/kurdistan has produced billion barrel oil discoveries )
we have a 65 km x 6 km surface structure located in the zagros fault belt ...geologically this does not get much better.
Now I would say this is the last week before we commence drilling so anyone who wants to poo themselves and leave now go ahead.
We have so many opportunities for the sp to rise ...improved political situation, merger news , buy out news , oil discoveries by sterling or wzr .
Be brave and let the weak sell !!