Talisman First Quarter Nothing earth shattering but it's the first time they've mentioned kurdistan other than in passing at the end of their reports. As previously mentioned, mgmt would have to be imbeciles to give up on kurdamir now...they're obviously going ahead with it.
"$1 billion of non-core asset sales have been agreed in North America"
"We are excited about the results of the Kurdamir-2 well in the Kurdistan Region of northern Iraq. The well tested light oil, condensate and natural gas from a portion of an upper zone. We are currently drilling deeper zones and plan to further test the well this summer."
"Our balance sheet is strong, and we are encouraged by continuing exploration success in Colombia, PNG and Kurdistan."
International Exploration
"We are looking to expand our portfolio in areas that have significant resource potential and low finding costs."
"During the quarter, Talisman confirmed the presence of light oil at Kurdamir-2 in the Kurdistan Region of northern Iraq. An open hole drillstem test flowed at unstimulated rates of 7.3 mmcf/d of natural gas and 950 bbls/d of oil and condensate, with no indications of water and no observed decline. A total of 140 metres of gross reservoir (88 metres net) was identified through wireline logging. The well is drilling ahead toward underlying Eocene and Cretaceous targets, with additional testing of the Oligocene planned after the well has finished drilling. "