WISR Ltd V.WZR

Primary Symbol: WSRLF

Financial Services Credit Services

Wisr Limited is an Australia-based neo-lender company. The Company provides a collection of financial products and services. The Company is engaged in writing personal loans and secured vehicle loans for three, five and seven-year maturities to Australian consumers, and funding these loans through the warehouse funding structures. It provides a Financial Wellness Platform underpinned by consumer finance products, the Wisr App. The Wisr App helps Australians pay down debt, multiple credit score comparison services and Australia’s first money-coaching app Wisr Today. Combined with content and other products that use technology to provide better outcomes for borrowers, investors, and everyday Australians. The Company’s products include loans, credit scores and round up. Its credit score is a summary of financial habits, and helps lenders get to know its customers. Its loan products include debt consolidation loans, car loans, medical loans and others.

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WISR Ltd > Its a Steal

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Comment by 42APIOilon Nov 07, 2013 3:01pm

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Post# 21886018

RE:RE:RE:RE:RE:RE:RE:RE:Its a Steal

High flow rates are always the icing on the cake, but oil companies look at it a little differently than investors. They are not in it for one or two wells, but for the optimal exploitation of an entire field which may consist of several hundred wells. The information obtained in K3 should enable TLM and WZR to substantially increase future flow rates, reduce future expenses and mitigate future risks. In short, information is power...even without the flow rate.
Also....Reserve estimates are based on the size and overall population of "Vugs" (think of them as the bubbles in an Aero bar) within a formation. This is the measure of a formation's porosity. The permeability (simply put its how well the Vugs are interconnected) will change with natural or induced fracturing, but it by no means changes the amount of oil that's already in formation. It only affects the ease of access and cost of extraction. That's why mechanical fracturing is so popular worldwide and most oil companies actually incorporate the cost of frac'ing in their initial CAPEX.

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