OTCPK:WSRLF - Post by User
Comment by
NNagainon Sep 14, 2012 12:39am
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Post# 20361510
RE: SNM
RE: SNM Great for SNM. Looks like they have lots of upside. Possibly a return to $0.60. Drilling to 1700 m is a lot less onerous than drilling to the cretaceous zone of 4000 m. (thats about 2.5 miles deep). That is why Mil Qasim is so important to WZR. It is shallow and can get some cash flow going if it proves to be a producer at a relatively low cost to drill.
The pipeline will be built. Who works for who? Do the Oil Companies work for the politicians or do the politicians work for the oil companies? A little bribe here and a little bribe there. I may not like it, but it is probably the truth.
Cautions on SNM. They own 35% of 60% or something like that. So they have little or no control. They could be bought out at $.25. Lots of sharks in the water now. Good luck to you and SNM.