RE:RE:RE:RE:RE:RE:RE:New Highs?Foxy; Anyone who must spend 14 hours a day in front of a computer screen so he can bark at "intruders" deserves a vacation. As a matter of fact I can think of at least 3 groups of posters who'd fund said excursion...1) the sycophants 2) the people you attack; so you'll go away for awhile and 3) most importantly the people who have listened to you; so you'll go away forever and save them countless $$.
On Jan 6 you dismissed my science-based (verbose and all) observation that Baram-1 was to be a dry hole and that I was too late in my prediction... presumably because you had bought years earlier & dollars higher. This turned out to be a $50mm mistake, the most recent nadir in WZR's short history and a present concern for future development funding. Jan 7 was the highest price WZR has seen in the past 7 months... you could have sold then!
My April 1 post suggested a look at two slides in WZR's March presentation would help decipher what lie ahead for H-1. WZR is excellent at documenting it's activity and I sincerely aplaud them for that. I believe WZR updated these slides to inform us of developments without having to PR. The slides (14&15) now appear in the April slide presentation and I'll let Foxy, as the resident and self proclaimed, E&P expert decide what they mean. A few hints; lowest known oil will affect area; average pay will affect volumes and a rule of thumb "area times pay times 1 ~ recoverable oil". As exploration wells are drilled volumes are supposed to shift from prospective to contingent - did they really? Might this have anything to do with the recent "SP is the Science" ? Despite what you have "heard" Foxy, (those pesky voices again Rev Jones); I believe Sproule is re-working the numbers and WZR is hoping some good news from K-2 EWT (tilted O/W?) will balance things out.
Lest you think I am here to bash, I have held fluctuating amounts of WZR over the past several years.. most recent purchases NovDec/13 (tax loss selling) most recent sale, oddly enough Jan 7/14. I still hold a small amount from the 2013 purchase. It is unfortunate that 98% of the people that regularly tune into this blog are long term choir and only too willing to listen to the Reverend Fox preachings. You should check his credentials; he is no expert at anything E&P... he might be good at potions though and definitely has shitsu in the family tree.