Nice week with WZR, but I am not sure if there is much more upside, given the political complications and oil transportation transportation challenges they face in this region.
$2.15 has been suggested as a possible stock price over the next 12 months, but I have heard that before. However, I would hang in if there was an likilhhod of doubling its value in 12 months.
Has there been an estimate of the potential Oil Reserves for WZR with this last success.
I read where "Sproule International Limited completed a total of four independent audits of WesternZagros' contingent and prospective resources. With these additional assessments on its two contract areas in Kurdistan, the combined mean estimate of gross unrisked contingent resources is 54.0 million barrels of oil, or 258 million barrels of oil equivalent. Gross unrisked prospective resources stand at 2.3 billion barrels of oil, or 3.7 billion barrels of oil equivalent".
I understand that estimate was before the most recent find.
Any better info or estimates available on the WZR reserves ?
