WISR Ltd V.WZR

Primary Symbol: WSRLF

Financial Services Credit Services

Wisr Limited is an Australia-based neo-lender company. The Company provides a collection of financial products and services. The Company is engaged in writing personal loans and secured vehicle loans for three, five and seven-year maturities to Australian consumers, and funding these loans through the warehouse funding structures. It provides a Financial Wellness Platform underpinned by consumer finance products, the Wisr App. The Wisr App helps Australians pay down debt, multiple credit score comparison services and Australia’s first money-coaching app Wisr Today. Combined with content and other products that use technology to provide better outcomes for borrowers, investors, and everyday Australians. The Company’s products include loans, credit scores and round up. Its credit score is a summary of financial habits, and helps lenders get to know its customers. Its loan products include debt consolidation loans, car loans, medical loans and others.

OTCPK:WSRLF - Post by User

WISR Ltd

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Post by OceanRanger1on Jan 11, 2011 4:58am

691 Views

Post# 17952014

muley

Muley,

Thanks for your reply.

I have enjoyed reading your posts for some time and am usually content to just read the opinions of others on the board. There has just been so little posting at this crucial time for this company that I had hoped to bring out some discussion by posting myself. Mission accomplished.

As far as my knowledge about the tehnical side of drilling it is zero. I have never even driven by a drilling rig at night. I watched the MGM drill team on the discovery channel and have owned several of these high risk oil and gas stocks. My lessons are being learned with $ won or lost.

The company release said they would re-enter Sarqala late in the 4th quarter but it didn't mention any details on the length of the sidetrack. Regardless, it shouldn't take too long to complete so I hope you are right that they will have a positive release ready in time for the presentation in London. It would make sense to launch good news in time to present at the conference.

On Mil Qasam the company said it wouldn't spud until the second quarter but again I hope you are right and they get at it earlier. Perhaps the delay is in planning, access and site prep but I have no idea.

There was an indication of a change to the PSC in the Nov 19 release. "Timing of the 3rd well (mil qasam), timing of K2, operator for K2 and addressing the co-venturers' commercial concerns" were issues that were being dealt with at the time. Simon Hatfield quoted "we are pursuing a win-win solution that meets the indivdual objectives of the government and contractor parties".

Rightly or wrongly I have interpreted that as a warning of changes to come in the new production sharing agreement. Purely speculation on my part and I hope once again you are right and there is no change but how are we gonna pay for our share?

If we could use a portion of our share to get a free ride on K2 that might be a good deal for us. It would give us time to delay any new financing and time to prove up some reserves so we can raise funds with less dilution. We will have a hard time raising enough money to get through another multi-well drilling commitment right now.

I really don't know squat and this is just my own unqualified speculation. I know I bought this stock with hopes of multi-bagger gains and so far that decision doesn't look too good. My portfolio really needs a hit at sarqala.

OceanRanger

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