OTCPK:WSRLF - Post by User
Comment by
seeingeyeon Nov 19, 2010 8:33am
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Post# 17728668
RE: Q3
RE: Q3So there it is.
I rate this (on a scale of 1 to 10,with 5 being neutral) as 4 on the NR scale .
Talking like a Nat gas play that wants to grow up and become an oil play. It sounds like the partners are not happy "AT ALL" with the results so far.I think they realize they have lost RETAIL confidence (they read the BB`s too)
Point in case: they are looking at revising the current agreement-looking at a new drill contractor-testing is not complete and looking to extend the time for completion on the next phase with KRG .
We have oil shows but only enough proven to open a half dozen Jiffy Lube franchises so far.
This is once again a hurry up and wait scenario and I suspect they are setting themselves up for a PP in the future.
Just my humble opinion. Best to all on the open today.