OTCPK:WSRLF - Post by User
Post by
vindaloo_u2on Sep 15, 2012 12:14pm
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Post# 20367414
K3 confusion
K3 confusion Can anyone clue me in concerning the k3 well location and resource count?...i'm a bit confused at the moment. The update last week stated that the oligocene would be drilled to 2860m in K3...which is more or less the depth of P50 prospective resources. The K3 on slide 17 (presentation) would be drilling the oligocene to roughly 2000 meters where, supposedly, contingent resources have already been booked. Is anyone else confused by this? Drilling to 2860m (albeit, not in the projected well location from the presentation) and proving up the P50 would, in my opinion, move these resources (1.15 billion mean prospective) to contingent status...where am going wrong here?