OTCPK:WSRLF - Post by User
Comment by
canadafoxon Jan 09, 2015 12:27am
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Post# 23300996
RE:Simon the Liar will present again at London Energy Conferenc
RE:Simon the Liar will present again at London Energy Conferenc
MJ; You should be very careful about making statements about deliberate mistruths being publicly stated by an officer of a public company. There is invariably a 'Safe Harbour' statement attached to any public company material and you are making yourself vulnerable to public and corporate scrutiny if you cannot support such a claim. The company and the individual you name could justifiably react very badly if you cannot.
So, I am asking you to give verifiable information to back up your claims that you and other investors were so misled by Mr Hatfield. Else, an apology is in order.
To take your unsupported statements... WZR and TLM do not have a 'Joint Venture' on the Kurdamir field. There is no such document to my knowledge that defines such a business arrangement. TLM are the operator of Kurdamir and thus responsible for it and WZR are not. The relationship on Kurdamir is defined by relatively standard E&P industry agreements. The Kurdamir FDP that was rejected in late-2014 was the responsibility of TLM and not WZR.
The whole region has been roiled by the IS insurgency since mid-2014 and before that the 5-year dispute on exports and payments with Baghdad. WZR have had 6K bpd of export-quality light oil available for production since late-2011. They are not immune to the regional geo-politics and the and the time schedules dictated by the KTG MNR.
Hasira Oligocene is a hghly pressured and fractured reservoir. I would rather have WZR be very careful in testing this zone than risking investor's investment and the testing crew and others lives by taking a risk with it.