WISR Ltd V.WZR

RE: RE: Tried to call Lisa today

[muley1]

Hey jmlguy,
Whats all the Boohoo about? Did you read the same news release as everyone else? They pointed out their costs to date but I did not hear any "were sitting on a lake of oil so were giving up!" It has become quite obvious that they know very well that there is a major amount of oil they are sitting on and they have now pulled 75% of the string out of the hole. We have been told the hole is intact so once the remainder of the string is removed they should be able to log and case. Then they can complete the drilling to TD. As far as contemplating drilling another hole, where did that idea come from? There is no contemplation, they will be drilling another hole.!!!

Yes this ground is tough and the results are less than stellar at this point. However these problems are not indicative of an untrained crew or poor management., this is tough ground to drill in. If you have any question do some research on the neighbouring wells. There is none of them that are not having significant problems however the reward is great or they would not be here drilling. Interestingly the value of these lands has increased not decreased thanks to some of the major discoveries that have been made in this area in the last year. Considering the news of the possible size of this deposit plus the success the neighbours are having this could be a 500 Million Barrel deposit. Even at $5.00/ barrel to the company that is a market cap potential of 2.5 billion. This explains in part the companies tenacity and willingness to stay the course on this well and continue with their program.
GLTA