TSXV:ART.H - Post by User
Comment by
Malpequeon Oct 14, 2009 9:31am
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Post# 16386073
RE: RE: All Kurdistan oil exports halted!
RE: RE: All Kurdistan oil exports halted!2.00 would be nice but its not its .75.
DNO is also short of cash as they and others have not been paid since May for KRG exports and efforts.. It may or may not get resolved but its out there and its problematic.
DNO's separate spat with the KRG and the share price dropping 50% overnight a few weeks back is out there and again problematic.
Commercial Crime Police investigation in Norway on the DNO share halt and share drop will take time whatever the facts are or wherever it goes. Those investigations can drag on for years.
Perhaps a big factor as to why VST is 75 not 2.00 as suggested.
The geology and geophysics are all interesting and most positive. The tribal infighting and the regional politics are improving but remain still somewhat primitive.
My fear is not that the oil is not on this lease but what happens when the treasure is found and the treasure is huge. Will VST shareholders be able to keep it or will Baghdad pirates be the new problem.
WZR drill results the next mark to watch.