OTCPK:WSRLF - Post by User
Comment by
canadafoxon Mar 14, 2012 4:06am
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Post# 19666771
RE: Total to enter through existing developers
RE: Total to enter through existing developers clinch; 'Total saying this, could be better than the EXXON news as it confirms the majors are in.' A little bit of mangled thinking there because if Exxon were not in there would be no plurality of majors to confirm. Exxon entering was and always will be THE single most important event in Kurdistan E&P history apart from the discovery of oil there. Total entering is of course important as you observe. It normalises Exxon's decision and the majors in Kurdistan will be the 'new normal' if and when Total confirm. As holders in WZR, we have an interest in two of the most prospective blocks in Kurdistan. If K-2 comes in then we will be being talked about in the majors' M&A departments that is certain.