OTCPK:WSRLF - Post by User
Post by
clinch76on Jul 17, 2012 11:02am
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Post# 20121261
Third Co-Venturer?
Third Co-Venturer? "Garmian Block Third Party Participant Interest Assignment
WesternZagros continues to provide thorough and comprehensive cooperation to the KRG in its negotiations with the multiple parties that have expressed interest in becoming the third co-venturer in the Production Sharing Contract that governs the Garmian Block. The Company intends to maintain its current interest in both the Garmian and Kurdamir blocks."
Okay maybe I am reading too much into this but are they saying that WZR has 40%, Total has 40% and now the KRG is selling to a third co-venturer? Or is it simply that it is currently WZR and KRG plus a third? Sometimes SH and Lisa have been know to hint at something that the KRG hasn't announced, is this the case? Not pumping the stock really interested in what other regulars think of this line.
Clinch
(Still long on WZR)