OTCPK:WSRLF - Post by User
Comment by
Schillon Apr 12, 2011 12:02pm
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Post# 18419315
RE: RE: News
RE: RE: NewsMaybe this part:
WesternZagros is involved in ongoing discussions with both Talisman and the Kurdistan Regional Government ("KRG") regarding the optimal contractual arrangement for conducting future activities on the PSC Lands, see the "Future PSC Operations" section of this MD&A for further information. As a consequence of these discussions, it is likely that Talisman will continue to participate in the funding of their working interest share of the costs of drilling Kurdamir-2, but it is unlikely that Talisman will participate in activities on the remaining PSC Lands and that the Corporation will likely be required to initially, or entirely, fund 100% of the costs associated with the third commitment well at Mil Qasim-1. In addition, due to these ongoing discussions between the Contractor Group and the KRG, Talisman has elected not to participate in the Sarqala-1 re-entry operations.