Kurds Profit Sharing Contract - BANG!All the majors that signed service contracts in southern Iraq will not be scrambling for a piece of the action in KRG. The implication of this development is great: Here are few:
- companies can now book reserves in the ground as their own based on their percentage stake
- companies can now export oil and collect full value for their own stake
- Most powerful majors like exxon, shell, sinopec, many many more would be sniffing around for reserve replacement.
- thisis the only PSC in Middle east! So it is a bang!!
I can comfortably say that LFD can hit $10 if we hit this light oil as prognosed!
Good day to be shareholder in KRG oil play. Dawn of new beginning. When you add the seismic report coming, I feel that we can hit $1 soon to force the exercise of the $65 million warrants CASH that would solve all our problems in KRG - drill up to 4 holes and build the early production facility.