OTCPK:WSRLF - Post by User
Post by
uLYSESSon Nov 09, 2013 5:39am
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Post# 21891061
Love the optimism ...
Love the optimism ...but the reality is that the KRG is a harsh master .... and this investment since IPO has been a deadbang loser-
Of course, look at the pressure that the KRG have placed (and which TLM and WZR contractually allowed) on these companies, all for the right to drill in the world's last on-shore oil zones-
Tight time lines;
Frontier region, supply, rig, and talent issues (remember one of the first crews was out of not Texas or Aberdeen but what ..... Romania!)
TLM talent once they got on board?
Then, the KRG cuts off the S-1 cashflow, then they become Greenpeace and won't allow flaring, oh, and they never have delivered an agreement with Baghdad ....
(Contractually, TLM and WZR-do they have remedies for this ultimate breach?
At the very least-extended timelines?)
(As I stated before, the KRG is clever-taking advance funds for rights you may or may not own ....)
The cut-off of S-1 cashflow may be a design to weaken WZR so that it fell into someone else's arms (Guess KRG's plans are on hold until the next trache of funds is depleted which friends will not be too long)
So friends, if you throw in operational/geology issues .... now you know why WZR is at the sp it is now-
If you look at this logically, WZR is something you might throw a few thousand dollars at ... but not much more-
I feel bad that some didn't see the light and get out-as opposed to be placing life savings or retirement funds or hopes on this investment
(I was once there-lol)
There are just so many better investment opportunities out there (including TLM, which gives you Kurdistan exposure, without the risk) then WZR at the moment
Sorry to be frank, but the armchair cheerleading of a ROI/Legal nightmare and mess needs some balance so that the sheep don't get sucked in and slaughtered ....
ulysess