OTCPK:WSRLF - Post by User
Post by
muley1on Jul 19, 2012 9:13pm
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Post# 20133495
Russian Co & Total
Russian Co & Total I guess we could have a number of options here. But this is the way I read it.
1) Kurdamir Block 40% Talisman 40% WZR and remainder sold to Russian Co.
2) Garmanian Block 40% WZR 40% Total and remainder sold to Russian Co.
I beleive for negotiation purposes that Total has not allowed the news come out officially that they are picking up the 40% of the Garmanian. In other words they did not want to fuel an already increasing demand for the stock and have to pay more for the additional 20% they also wanted. As well they may be negotiating for WZR's 40%.
Here is what the press release says:" The Russian state controlled company comes as a big surprise, and its deal involves a direct contract with the KRG for KRG’s remaining share of interest in the blocks operated by Western Zagros." This can only be a good sign for WZR as it shows that what they have the majors want. We all know the majors have money and I would expect to see some offers coming forth before the end of the year if not earlier which will oost the share value considerably. I certainly do not expect any deal to be made prior to final test results on Kurdamir 2 which from all indications should be stellar!