RE: sold about 1/2In terms of asset value, you have no idea how expensive this is. Then again, market managers make the price, they do need to finance so let's see where it falls.
The price generally falls 20% or so following a financing. There won't be any data released until mid summer, so there is definitely no rush. What really is difficult to understand is why anyone shows interest, when they're stuck with that
terrible 40% royalty. There isn't one other Kurdistan play where the royalty is anywhere close. Funny how the pump team keeps talking about billions of barrels, yet doesn't worry about losing an extra 30% compared to their peers.
If this was such a sure thing, that royalty commitment would never have been made.