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WIND RIVER ENERGY CORP V.WVR

"Wind River Energy Corp is engaged in acquisition, exploration and development of oil and gas. Its oil & gas projects include Phat city project, Day butte field, Emerald forest project & Milagro project."


TSXV:WVR - Post by User

Comment by cuckoonuckon Dec 03, 2011 2:40pm
395 Views
Post# 19289530

RE: share price

RE: share priceI think the market was expecting better results from the first well. According to OGIB (Oil & Gas Investments Bulletin), there was potential for this well to flow 700 bopd. However, the last news release stated that the well identified multiple pay zones, but did not state flow rates or indicate any production at all. IMO, the lack of positive production data in the news release caused a lot of hopeful shareholders to sell.
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