TSXV:ART.H - Post by User
Comment by
Buzzwordon Dec 28, 2010 12:01pm
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Post# 17898711
RE: RE: RE: EVERYTHING IS NOW IN PLACE FOR VAST ..
RE: RE: RE: EVERYTHING IS NOW IN PLACE FOR VAST ..
Guys
This is all rhetoric ...contracts will be honoured, iraq needs the money from the kurds oil , it benefits everyone.
Also 150,000 bbd is not to be sniffed at from Genel & DNO with heritage, gkp & MOL looking to increase output once they have the right infrastructure.
Kurdistan is booming , lots of M & A activity will start once everything is finalised and the likes of DNO get paid for their oil.
Vast has underachieved bigtime, we are due a turn of fortunes but this is still a major gamble as you have sterling and wzr as examples of companies that came unstuck.
My theory is simple with this, we have great gelogical bearing oil structures & a great partner in Niko. The fact that they have got thru to 2000 meters albeit very slowly is testament to their skill.
We are now in the 3 reservoir targets, it's crtical we find something & lots of it. Bazian block an extension of ours also found oil but at present KNOC have not disclosed the amount which suggest they are waiting on KRG. So oil is present ...
Next month will be make or break ...but the possiblities are massive if we find oil as everyone oil company will be ready to pounce on us if we do.