Meeting Shareholders meeting went well, operational updates discussed are completely covered in the press release on the WZR website. No news on the future partner other than they hope the partner will be announced within the next few months.
Oligocene 118m of pay zone and Eocene 275m of pay zone appear to be part of a large trap area and no water has been encountered. The trap area on the new mapping looks like it may carry over into the Garman block ( Baran and Qulijan). If this is the case then its a huge reservoir.
K2 should be down on target based on present bit depth of 3427m TVD, roughly 600m left to drill.
Looking forward to the cretaceous zone log results following TD of the well.
WZR is 4 for 4 on exploration wells. They have development wells planned for their discoveries along with increased production potential from existing wells.
Also they still have roughly 60% of their block position yet to explore.
Lets hope the market starts to realize the TRUE potential here.