OTCPK:WSRLF - Post by User
Post by
Drillexon Apr 09, 2014 10:09am
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Post# 22429153
Risky Business
Risky BusinessExploration drilling in areas like Kurdistan is always a big risk but in many cases the up side can be very lucrative.
WZR has been exploring with vertical well bores and gaining information as to what their block holdings may have for reserves. They have successfully found big reserves and have worked through all the challenges of which there have been many.
They are now moving to the developement stage which requires getting the lovely black stuff out of the ground. Drilling horizontal developement wells will provide excellent flow rates,
The commercial plan will be approved in the next few months, heavy crudes in the north will be blended with the light sweet crude of the south to get the API up to the API number the buyers require.
The big boys who will eventually buy out WZR understand the value as does Simon.
BIG OIL always finds a path to market.
Hang in there Longs