OTCPK:WSRLF - Post by User
Post by
vindaloo_u2on Oct 15, 2011 3:35am
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Post# 19152301
From FT
From FTOctober 14, 2011 11:47 pm--Hyperactive Hayward---A £1.3bn fundraising in just four days and a sizeable takeover less than eight weeks later: Tony Hayward has not wasted any time resurrecting his career.After sealing a takeover of Genel Energy, the Turkish operator, Vallares, Mr Hayward’s oil and gas acquisition vehicle, is already scouting for new targets. People close to the former chief executive of BP say he has examined approaches for Petoil and Western Zagros, two Kurdistan-based oil companies worth several hundred million dollars apiece.In recent days, Vallares is understood to have decided against making offers for either.Vallares’s spurning of Petoil is especially intriguing, since the Kurdistani company had also been mulling a listing on London’s Alternative Investment Market.The Kurdistan government is said to have blocked further listings in London amid concerns about the number of Aim-quoted groups with few obvious growth prospects.There are plenty of other such sitting-duck opportunities for Mr Hayward and his business partner, the billionaire financier Nat Rothschild. The stampede of capital-constrained companies beating a path to their door implies that what is bad news for Aim is unequivocally good news for them.