OTCPK:WSRLF - Post by User
Post by
MxPxon Apr 25, 2011 10:16am
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Post# 18482426
Waiting for the News
Waiting for the NewsWell, it should be this week or next Monday when we hear about our results. Testing won't take long here (provided there have been no unexpected problems with the testing).
I'm quite confident that WZR will improve its "batting average" with this well as all of the signs of a legitimate and prospective oil find are there. Though WZR have been frustrating at the best of times in the last year and a half, I think that Hatfield's new strategy of proving up Sarq and MQ will turn out to pay off here in the not too distant future.
So to recap, so far so good on Sarqala and i'm surprised that the SP has not seen more upside thus far. This makes me more aware than ever that there are a lot of people on the fence about WZR waiting to jump in as soon as the cloud of negativity is removed from the company with a positive NR.
2 weeks ago, WZR was trading at .60, things have only improved since then as there were no issues drilling and WZR have moved on to the testing phase. I know "the article" played a role in the sell off but any other stock would be back to the .60 range and beyond by now as not only did WZR dismiss the content of " the article", however, they followed that up with a positive NR regarding drilling operations.
Anyhow, it's just a matter of time until we get the release, and I am quite optimistic it will be a good one.