OTCPK:WSRLF - Post by User
Comment by
canadafoxon Jan 07, 2013 8:24am
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Post# 20804606
RE: valuations->Atrush / TAQA
RE: valuations->Atrush / TAQA k; There is a common error made in quoting the TAQA deal with GEP in that the former is often assumed to have acquired 53% of Atrush. TAQA did not. The KRG still own 20%; and so TAQA acquired Aspect Energy's 53% of the remaining 80% or 43% approx. SNM have 28.6% and Marathon 20% of 80%. The TAQA interest roughly equates to WZR's 40% in Garmian & Kurdamir and IMO these blocks are very likely to be very much more prospective and productive in total than Atrush. Even so, the Atrush purchase price ( an investment remember ) was 50% more than the current MC of WZR....