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Diaz Resources Ltd V.DZR



TSXV:DZR - Post by User

Comment by anticlineon Sep 20, 2010 11:58pm
249 Views
Post# 17472198

RE: RE: RE: Building momentum?

RE: RE: RE: Building momentum? Aloush ... good to hear from you. Right now DZR is in a holding pattern since the market does not seem impressed with their conversion from a NatGas to oil producer. If the the Shaunavon well comes in as a decent producer the market will take notice.  As far as the lower Shaunavon play is concerned it is an excellent place for Diaz to drill a high impact well.  Unlike the Lloyd wells that are predictable, but not very exciting producers, the Shaunavon at its best can bring in wells that would net Diaz three times what they are getting in Lloydminster - that's a good gamble for them to take. Of course a fail would mean an expensive hit to cash flow, but if they execute this successfully, and Diaz's sister company Tuscany  has been working Saskatchewan for a while, it would be a good bet that the Shaunavon could be the key to market success. Tuscany stock has been doing pretty nicely compared to DZR but they have been drilling some nice profitable light oil wells in SK.  Which brings me to the point that Bob Lamond has been doing a good job with his herd of companies in using them to buy up prospective properties that they can later form WI's on between themselves.  This spreads risk, lowers acquisition costs. and ultimately  may lead to some nice producing wells.  Let's hope that the SK properties add some shine to the share price.
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