RE: RE: RE: RE: RE: pta news issue - opions ???"
I don't think you can compare the two plays as the size of the resources they are going after are totally different. WZR was targeting 300 to 400 mil bbls equivalent to all of PTA's prospective resources. Secondly PTA has 578 mil outstanding shares opposed to WZR's 211 mil. Thirdly, PTA before drilling this well had 30 mil opposed to wzr's 80 mil. I would love PTA to come back so that I could at least break even but I think they are going to have a tough time ahead, especially since they just traded away 25% of their production. I'm not bashing but I'm trying to be realistic.
Kuriocity....I did not attempt to compare PTA with WZR. I've bought and sold each of these plays at least a dozen times over that last few yrs and think by now i realize they are very different plays. If you care to read my post again you will realize i was supply responding to another poster who speculated why Talisman elected not to participate in this sidetrack venture. To which i responded....shouldn't read to much into this...as Talisman has a history of not participating in such sidetracks with other plays...like WZR's recent sidetrack....which ultimately proved very succesful for WZR ...and is currently testing just shy of 10,000 barrels/day.
Obviously the two plays are very different....but they do share the same partner...Talisman....which elected to partner with them because it liked their prospects and their ability to find oil....which juniors tend to be better at than the majors. And if and when things do take off for any of Talisman's junior 'partners'...you can be assured they'll be seriously looking to take them out. But until then....Talisman's strategy seems to be a wait and see/show me strategy.
Hence....don't read to much into Talisman non-participation into the sidetrack...as they have a history of such non-participation...and.... more important....being wrong about such decisions.
Happy trading/investing boys and gals!