WISR Ltd V.WZR

Talisman

[muley1]

Talisman has no doubt been very involved with the drilling of both wells thus far by WZR. They are sharing the costs so why would they not be. They have seen and know the intimate details regarding the drilling of these wells including the oil shows as drilling progressed. On K-1 over 1000 feet of hydrocarbon bearing ground which they were unable to test because of problems associated with the well. They are now going to be drilling on their 100% owned adjacent property which consists of 100's of thousands of square km's as close as they can get to our K-1 well. They have completed the seismic on their property as well as seen our/their drilling logs on K-1 and they are going where they beleive their greatest chance of success is. Not only that, it sounds as if they may be drilling the next well following their existing well on the flanks of K-1. Do not forget that this is difficult ground for any company but collectively there are lessons being learned they will greatly increase chances of future success in this area. I say 2011 will be a good year for WZR and the neighbouring wells. If one is successful they will all rise to the occasion!