RE: Here is actual first paragraph from Iraqi busi The wording there indicates that they are buying Longford's stake in Chia, not part of the company. The Bloomberg article reinforces this:
"Genel Energy Plc (GENL) will this week announce a deal to pay $70 million to buy a 40 percent share of the Chia Surkh oil field in northern Iraq from Lonford Energy Inc. (LFD), the Sunday Times reported."