RE: $$$ the news releases say the money is "payable" and other things like "will receive". it does NOT say "was paid and recieved". Does this mean that we have an account recieveable from genel, or did we get the cash already? One is cash in our bank account the other is a piece of paper promising to pay us - but may take lawyers to actually get paid. Who knows...
Longford Energy Inc. has closed the previously announced transaction to sell its 40-per-cent undivided interest in the Chia Surkh block in the Kurdistan region of Iraq to Genel Energy PLC.
As part of the sale transaction, the company will receive consideration of $68-million (U.S.),