WISR Ltd V.WZR

March-April a turning point for WZR

[TangoPrince]

We should be getting results from Hazira (Oligocene) by the end of the month - a well with geologic chance of success at 90%.  In March or April we should also see either 1) a deal between the central government and the KRG or, 2) a decision by the KRG to begin selling oil through the pipeline unilaterally.  Either way, WZR will start selling oil and generating cashflow.  For every 5000bpd WZR produces, they end up with approximately $25 million in net annual cash flow to the company.  So if Hazira is successful with 5,000 - 10,000 bpd and Sarqala workover brings 5,000 - 10,000 bpd, that means the company will be generating a run-rate of between $50 million and $100 million in net-of-operating-expense cash flow by June of this year.  Yes, that's right, $50 to $100 million per year.  Sit down and think for a moment about the amount of development that WZR can do with a budget of $100 million per year.  Go back into K2?  Go back into K3?  Drill 5 new wells?  Perhaps even do a small buy-back of stock at $1 per share.  So, if we get either one of the aforementioned announcements from the KRG (1 or 2 as mentioned above) and Hazira is even remotely successful, there should be a huge, mind-bending rally in the stock - particularly given the incredibly high level of pessimism right now.  You only have to look at the title of the last post "tired of holding WZR" and the deathly quietude on this board to see evidence of that.  How much more bearish does it get?  Hold onto your seat folks.