SEEKING ALPHAI posted this on some oil stock boards on SEEKING ALPHA
Make give us some US exposure ...
The play: WILDCAT OIL DRILLING IN KURDISTAN
The players: TALISMAN (
TLM) and WESTERN ZAGROS (
WZGRF)
GREETINGS:
I wanted to put my fellow ALPHAS on notice: WESTERN ZAGROS (
WZGRF)is a spin-off from Western Oil Sands/Marathon Oil, currently with approx. $130 million in cash (
CDN), and selling for at close yesterday (1/12/09) : $.655 US.
They are close to completely their first well in KURDISTAN/NORTHERN IRAQ. The well was started in May, 2008.
Results are due in the next few weeks. A second well will be started shortly thereafter.
TALISMAN ENERGY is their partner along with the KURDISTAN GOVERMENT. TALISMAN has put in over approx. $60 million dollars (
CDN)
and oh by the way, JOHN PAULSON of PAULSON AND CO., NYC, own approx. 17%
ulysess
BLACK HORIZONS CANADA
e-mail: clace@ameritech