OTCPK:WSRLF - Post by User
Comment by
vindaloo_u2on Aug 07, 2013 4:11am
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Post# 21653356
RE:O/T other kurd oil plays
RE:O/T other kurd oil plays
@soh...gkp's 'boatload' of oil consists of OIP....discovered and undiscovered...around 14 billion in total. They stopped reporting the amount of discovered vs undiscovered some time ago. Looking through their past resource reports, the resource count actually decreased from one year to the next after a re*****ble auditor did the count...they've since gone back to DGA....very odd. Mgmt hasn't realeased the contingent resource count but it's believed to be around 3.7 barrels....most of which is heavy oil with pißß poor PSC terms. WZR's oil is basically worth around 75% more to a future buyer. With the number of skeletons in their mgmt's closet (they've recently taken on an ex Sino-Forest guy to improve corporate governance..lol) and the distinct possibility of losing a large chunk of the company to a shadowy group which mgmt refuses to name, i have no idea how shareholders can sleep at night holding gkp.