WISR Ltd V.WZR

Possibilities

[cardman503]

Management listed a number of options in the short term. It appears from the list that they want to get into production asap. Testing currently in Kurdamir 1, drilling an adjacent well Kurdamir 2, the 2 shallower new wells on the anticlines and revisit Sarqula are the options. We know they have an obligation on a third well, so which option will they select?  Is it possible that they will do two simultaneously with KLM operating one? Someone posted last week that KLM has a $280 million dollar clause in their PSC with the KRG if they are in production this year.

WZR will need to finance at some point, although not immanently- so if they can prove up some resources and get into production, it will be at a much higher offering than the pennies it is trading at today.  So it will be interesting to see how they play this, but Lisa told me last week that there would be news early this week  and it would be the first in a series of NR's.

Regarding the wild ride, I wonder if the assumed leak that drove the price to .60  before thE NR was more on testing results than on the operational news that was disclosed yesterday.  If so, the sell off was a justifiable market reaction to the poor news and the buyers yesterday may have been the same that acquired in the days prior.  I accumulated a bit more at .56 on Friday, but I am holding long and waiting as they still have a serious opportunity to hit an elephant from a number of options. Can't say I enjoy it, but it still seems like the a good way to invest this money from a risk/reward perspective- remember the sp was $2.87 after spudding Kurdamir 1 without a discovery, what will it be with one?
cardman503