OTCPK:WSRLF - Post by User
Comment by
canadafoxon Apr 03, 2012 11:49am
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Post# 19752997
RE: opinion
RE: opinion That is an opinion in its totality and its parts that has been voiced many times in forensic detail over the past 3 years. What the Iraqis and Kurds think is irrelevant. What principally matters is what the Turks think and what they do. The Kurds would have built their own pipeline to Fish Kabour 2 years ago when it was obvious that GKP's Shaikan field was enormous. However, both the EU and the Turks have stated that they will buy hydrocarbons only from the Iraqi state and not Kurdistan. If and when Turkey changes its mind and allows Kurdi pipelines and direct payments to them for hydrocarbon exports then the Kurdi E&Ps are going to be worth what the NAVs derived from their PSC terms say they are worth. Bring it on, of course, but who knows the mind of The Turk; a people of Empire and long memory.