OTCPK:WSRLF - Post by User
Comment by
swisscanon Apr 19, 2011 9:11am
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Post# 18451749
RE: RE: NR: WesternZagros begins S1 testing
RE: RE: NR: WesternZagros begins S1 testingIf you can believe the latest company presentation it looks like they started the sidetrack around 2800m and they drilled to 3893m.
That's more than a 1000m which may explain why it took so long to drill.
To bad they didn't state at what depth they started to sidetrack.
Makes you wonder too why they didn't sidetrack and test when they had the rig there the first time ?
I guess they figured at that time it wasn't worth going after it.
They were out looking for an elephant and had no money problems at the time.
Joe Schachter at the time wasn't recommending getting into VST because of concerns over their cash burn rate !
Look who has been burning the cash since !
I'm still long, but getting tired of it.
Good luck to all longs, we are going to need it !