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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Veteran98 who wrote (146695)	2/13/2009 10:34:31 AM
From: ogi	Read Replies (1) \| Respond to of 314077

Thanks Vet, WZR is about the most frustrating wait of any drilling I can remember. 9 months on one hole!!!!!!!!!!!! << WesternZagros may end up worth nothing.>> Considering the cash WZR has, fully funded for all planned drills til 2010, I think this statement a bit extreme. I would assume they have burnt much more cash on this hole than planned but have already prepared the next drill pad I believe. So if this hole is bust, I will look to average down and then recoup some of that on any rise during the next hole's progress. BTW: what house wrote that piece?? Cheers, Ogi