Scotia Capital Report on latest NR Hi All, i've seen the GMP securities feedback on the latest NR posted here, but not Scotia capitals which i think provides a very clear view that all those worrying and talking down the stock should take note of, in particular ".the completed Kurdamir testing now confirms the commercial viability of the project, an important step in derisking the full potential of the Kurdamir structure."
Lets all get some perspective here, WZR has always been frequently up and down just before an on a NR, but funamentally, we are on to a winner and those with a longer term perspective will reap the rewards :
Gavin Wylie, Scotia Capital (12/11/12) "WesternZagros Resources Ltd. announced that it has successfully completed the second of the three cased-hole tests in the Oligocene formation at Kurdamir-2, which flowed at 2,184 bbl/d + 10.4 MMcf/d. . .we maintain our Sector Outperform rating. . .the completed Kurdamir testing now confirms the commercial viability of the project, an important step in derisking the full potential of the Kurdamir structure.
I have been long WZR for 18 months or so now (0.70 average) and will continue to be so for the forseeable future as IMO there is CONSIDERABLE upside in the near term horizon on this play. GLTA