FirstEnergy Capital watching VST too...This may have been posted already..., dated June 18th, and actually is a recommendation for NKO, but the comment is
ALL about VST's property:
Company: Niko Resources (TSX:NKO)
Analyst: Martin Molyneaux/Darren Engels, FirstEnergy Capital
Rating: Top Pick
Target Price: $128.50
Comment: Niko has entered into a production sharing contract with the Kurdistan regional government of Iraq. The Qara Dagh block is 846 square kilometres. Niko is the operator and has a 27 per cent working interest. The first exploration phase could extend for two to three years, with a capital commitment of $50 million net to Niko.
https://www.canada.com/edmontonjournal/news/story.html?id=0f0b56ba-fc2d-484a-953f-3fdb8f5d9bdd