OTCPK:WSRLF - Post by User
Comment by
newtonboyon Mar 19, 2013 12:15pm
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Post# 21150375
RE: RE: RE: WesternZagros Successfully Closes $123
RE: RE: RE: WesternZagros Successfully Closes $123 At a premium of a deflated share-price. With the recent positive reserve updates and the spudding of K3 its my opinion that Crest got too sweet of a deal. By offering the PP at $1.20 WZR is telling us that they are worth less than the last PP at $1.40.
As far as drilling five new wells this year ( Has-1, Baram-1 and the three at Bakhitiari) I serioulsy doubt that they will have the rigs on site in time to accomplsih this. I've been in since before the spud of K-1 and am fully aware what this junior has gone through to make it this far. The oil is there but the timing is not. I'm just hoping that there will be some significant share value once all the pieces are in place.