What about WZRIf things are so bad for SNM, then, why is WZR going up and HOC holding in the $3.00 range, their share holders not informed of the situation or is there just more to this story. Any time there is a drilling problem-investors head for the hills and park their money. Then, what about former BP Haywood looking in the area.
Perhaps there might be hindsight here. What if Iraq's gov't wants to take over, then, do all the companies that signed deals and money with Kurds off and new negotiations, or does Iraq, leave the status quo-same % of the wells, but money flows to them. Or, perhaps, the oil lines will go into the Kirkurk oil lines for export, everyone gets a share.
Maybe there are other spins to this.