OTCPK:WSRLF - Post by User
Comment by
jerroson Aug 03, 2012 2:46pm
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Post# 20182461
RE: Let's see high price in coming weeks
RE: Let's see high price in coming weeks In response to your question at the end: a citation from a NR from Genel Energy announced today:
Genel Energy today announces that the Kurdistan Regional Government Oil and Gas Council has approved the Acquisition andthat accordingly, the Acquisition has completed. The total paid by Genel Energy for this 23 per cent interest was $175 million.
Tony Hayward, chief executive of Genel Energy said:
"We are pleased that the transaction has now completed, allowing us to acquire an interest in this high- quality acreage in anarea immediately adjacent to Taq Taq, one of our major established fields. Genel Energy remains focused on deepening its interest in the Kurdistan Region and we look forward to the exploration and appraisal programme planned for Bina Bawi for therest of this year and next."
IMHO i think we may not underestimate the importance of the Genel company. Not only because they have 2 billion usd in cash for t/o and farm ins. But especially because the Turkey-KRG relation is also important for WZR's future.