OTCPK:WSRLF - Post by User
Comment by
canadafoxon Jul 15, 2012 4:54pm
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Post# 20115391
RE: reality ...
RE: reality ... u; IMO the 'next wave' will be a tsunami. No problem if you are on high ground. For example; a Kurdistani anticline. C$1.50 is a bit low IMO when you announce a probable 1.5 Bn bbl plus prospective recoverable discovery when your MC is less than C$500m. It is becoming more evident by the day that centre of gravity in Kurdistan has shifted. Exxon are in, Chevron are about to be in, Total also very soon... Together with the Turkish export route opening this means that is game over for the influence of Baghdad in the Kurdistan oilfield. That also means that discoveries will more readily translate to asset value in the normal E&P industry fashion. The discount is in the politics and that is fast disappearing.