OTCPK:TLSMF - Post by User
Post by
Storckon Aug 23, 2013 3:12am
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Post# 21691815
Kurdistan
KurdistanWZR news out on K3 well - stock took a big haircut today, obviously more material to them than to TLM. Seems a bit drastic given these 2 tests are deeper than were tested in the K2 well and the zones that tested good in K2 are yet to come, but according to WZR these first 2 tests could impact the potential of their own Baram block:
"In this case, the interim results of Kurdamir-3 testing increase the risk associated with the undiscovered Prospective Resource assessment for the Baram-1 well. Alternatively, the Baram structure may be separated from the Kurdamir structure by a fault, in which case the Kurdamir-3 well results have no material impact on the chance of success of Baram-1."
https://westernzagros.mwnewsroom.com/press-releases/westernzagros-provides-interim-update-on-kurdamir--tsx-venture-wzr-201308220893755001