the lastest news got me thinking..ERBIL - Iraq Oil Report has obtained the exact location of the blocks Iraq's Kurdistan Regional Government has signed with Exxon Mobil.They are:* Al Qush: located immediately west of Shaikhan (Gulf Keystone Petroleum), northwest of Erbil city, and formerly assigned to Komet Group but withdrawn for lack of development.* Baeshiqa: located immediately south of Ain Sifni (Hunt Oil), southeast of Al Qush.* Pirmam: located immediately north of Mala Omar (OMV). The ancestral home and headquarters of KRG President Massoud Barzani is located within the boundaries of this block.* Betwata: located immediately east of Harir (Marathon) and immediately north of Shakrok (Hess)* Qara-Hanjeer: located immediately south-southwest of Chamchamal (Dana Gas/Crescent Petroleum/OMV/MOL).* Sixth block: located immediately north-northeast of Arbat (Shamaran). Thus far is not officially named, is located along the border with Iran and includes in its area the important Penjwin border crossing.The locations were confirmed by KRG Minister of Natural Resources Ashti Hawrami Sunday morning at the CWC Kurdistan oil and gas conference.The deals were "signed and completed 18th of October, 2011," Hawrami said. "It is a final signing."
Not a big fan of how it mentions at the top that the Al Qush block was assigned to komet group but withdrawn for lack of development! LDF hasn't exactly developed the block to what they've said either.. WE need an NR to say drilling at X date confirmed..that'll make this thing sky rocket.. until then we still have some substantial risk.. we also need cash raised to drill or find out whats up regarding funding for the first well! Hoping some clarity soon.. either way if we keep going up that'll bode well for a higher PP and less dilution.