OTCPK:WSRLF - Post by User
Post by
swisscanon Nov 26, 2010 9:39am
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Post# 17761287
Pure speculation on my part
Pure speculation on my partI have been asking myself why Talisman would choose to spud their first wildcat, Topkhana-1, on their block K-39 in such close proximity to Kurdamir-1.
Topkhana-1 is only about 12km ( less than 8 miles ) from K-1 and the structure they are drilling, starting at the end of this year, has pretty well the same geology.
TLM would know how to interprete the seismic at Topkhana based on their experience at K-1.
K-39 is a large block and I'm sure they identified a large number of promising drill targets.
They choose to drill at Topkhana as it is their most promising target in their opinion and are reducing their risk for the millions required to drill their first well on this block.
I wouldn't be surprised to see TLM taking a controlling interest in WZR and inject some cash into the operation and put their people on the board of directors at WZR.
Hopefully TLM plans Topkhana-1 allowing for some more flexibility in the well design to reach TD.
Like I said, pure conjecture on my part.
Best Regards