Don't get me wrong, I am a booster ofthe KRG and most of the companies that are in there.
I have been a shareholder of VST, WZR, LFD and now SNM. Fortunately, i have made money on all four, though for the most part, not more than doubling my money each time.
I also like the way that the Lundins make money for their investors by taking on risk. As far as getting the oil out of the country, that is another story and no matter how legit the KRG oil leases are the Baghdad government still does not want to OK them, unless they are really backed into a corner. That event may happen tomorrow, but don't bet on it. My guess s that an export agreement and approval of the KRG contracts is at least a year, perhaps more likely 2 or 3 away, knowing the Arabs and their penchant for decisive action as I do.
There are other stars in the Lundin sky. I for one am not convinced that large money is left to be made here, at least in the short term. By the way, I hear Pulkana may be delayed but check with IR.