TSXV:ART.H - Post by User
Post by
bobby1231on Feb 23, 2013 5:12pm
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Post# 21033666
your right
your right SUBSEQUENT EVENTS
On November 15, 2012, the Company announced that along with its consortium partners, it has entered into a Relinquishment Agreement with the KRG to surrender their collective interests in the Kurdistan PSC. Pursuant to the terms of the Relinquishment Agreement, the company is discharged from any further exploration expenditure requirements relating to the Qara Dagh Block located in the Kurdistan Region of Iraq, and the Company expects to recover a net amount of $3.25 million USD over the next 12 months