OTCPK:WSRLF - Post by User
Post by
muley1on Nov 19, 2010 11:49am
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Post# 17729947
Alive and Well
Alive and WellThanks so much for the kind remarks this AM GF I think of you often as well! By the way do not consider my absence on the board as a sign of lack of interest. I am heavily invested in this stock and have been for the last two years. Yes I have been dissapointed , who hasn't? I also get frustrated by the obvious ruthless motives of some of the posters on this side, Crudeawakening is an obvious one. He has been spewing his negative rhetoric off and on for at least two years. If he was not playing a role in the manipulation of this stock he would be whining on some other board.
All that said I look at the news release after the crash this AM to see what gives. Where people can turn this neutral release into a panic sell is beyond me.
1) They are still testing a small zone on the lower oil leg. Yes it is only 45 feet however we are high pressure and it is entirely possible that due to the fractured nature of the zone that this narrow band can still produce a significant amount of oil. These test results will be out likely before the end of November.
2) They have been down to 4000 meters in this hole. They do know the amount of hydrocarbon zones they have passed through and they have been extensive enough that they are planning on revisiting this well area for another drill after well #3.
3) They are going back to Sarquala to test a short section which will require a short sidetrack to test the Jeribe zone. They know there is oil there otherwise why waste their time. How long will this take? I would think we should know the results sometime in January.
4) Down the road this gas they are sitting on is worth big money and will eventually tied into a gas line. This is worth a considerable amount despite what some of the posters on this board would have you beleive.
5) If operatorship changes hands with Talisman playing the lead role then great, I think we all agree that a change will be good . If this happens we still are partners in the stock and the stock will react accordingly.
I am still long and strong in this stock. I bought a large amount this morning and still have an order in for 40,000 at .49 and doubt if it will be filled.
Good Luck to all longs!
Muley