WISR Ord Shs V.WZR

hallo

[vindaloo_u2]

talisman released a crap release a few days ago (production related). If there were anything negative related to topkhana, they would have stated it then. There have been meetings between the kurd and iraqi govt. officials in the past few days concerning (among other less crucial topics) the Oil and Gas Law. Looks positive enough but i don't think anything will be settled until after the january O&G auction (especially after glancing at the kurd oil charts). Seems both sides are content with delaying this law until then. All previously signed contracts will then most likely be grandfathered before the scraps are auctioned off later. There's nothing to worry about concerning wzr's agreement. Not so sure about the following, however (previously posted):....."Hunt's deal was the third contract the KRG awarded for a field outside its official territory, following Houston-based Prime Natural Resources' 2003 deal with Kurdish authorities for the Shakal block, and the Khor Mor gas field contract with the United Arab Emirates' Dana Gas. Four deals at least partially outside the KRG territory have been signed since: Canada's Shamaran Petroleum Corp. (Pulkhana block/Aug. 2009); Australia's Oil Search (Taza block/Aug. 2009); Norbest, an affiliate of Russian-British firm TNK-BP (Hawler blocks/Nov. 2007); and Canada's Longford Energy (Chia Surkh block/July 2009)."....................... Concerning cash, i think they'll be bringing in (profit, including partial payment of costs from krg...roughly calculated from DNO fin. statements) around 3.5million until 2012(at 2000 bod). From 2012 on, it should be 3.75million/month (profit) at 5000bod. Not enough to cover expenses for kurdamir 2 but it lessens the blow for financing. I don't believe it's in the interest of the krg to find a partner for garmian before MQ has been tested and an O&G law is finalized.