TSXV:ART.H - Post by User
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Atonon Oct 28, 2011 4:16pm
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Genel Energy Plans Acquisitions in Iraqi Kurdistan
Genel Energy Plans Acquisitions in Iraqi KurdistanJust got another 150.000 shares today 10% below PP. Vallares and big oil is looking for acquisitions in Kurdistan, Vast, DNO, Wzr or .. well we´ll see soon?
>>Tony Hayward (pictured), the Chief Executive Officer of
Genel Energy Plc, a
group formed via a merger of
Vallares Plc and Turkey’s
Genel Enerji, said he plans acquisitions in Iraqi Kurdistan.Reuters reports that the former boss of BP told reporters in Istanbul that the company plans to make the acquisitions with its $2.2 billion in cash.
“Consolidation is going to take place in the region. There are 41 different entities operating in the Kurdistan region today,” Hayward said. “Time is right for consolidation in the Kurdistan region. You should expect to see some action around the place.”>>