WISR Ltd V.WZR

Deferred = ?

[vulture]

I sold out of this some time ago and glad I did but have been watching it and Talisman go about their bussiness. Talisman wants out of Kurd and that troubled me as it contradicted the hype coming from WZR management team. I also phoned IR a few times and found them to be evasive to say the least.

That was just a few things that bothered me along with the financing and now we come to the FDP being deferred which to my knowledge is unprecedented in Kurdistan. Someone has made a major mistake for this to happen, as it would reflect badly on the KRG if there was NOT serious reasons involved. I suspect the SP to be hammered today or tomorrow as the serious nature of this defferal sinks in .

There is also the possibility that Talis were going to sell out cheap in their desperation. That would truly anger the KRG as it would put a low price on all other KRG oilers. That would not be allowed to happen, and so deferral solves the problem. Who would buy a company under those circumstances.

When the smoke clears WZR may be worth looking at again. All my opinion and would preferr to be wrong. See how it goes.