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WISR Ltd V.WZR


Primary Symbol: WSRLF

Wisr Limited is an Australia-based neo-lender company. The Company provides a collection of financial products and services. The Company is engaged in writing personal loans and secured vehicle loans for three, five and seven-year maturities to Australian consumers, and funding these loans through the warehouse funding structures. It provides a Financial Wellness Platform underpinned by consumer finance products, the Wisr App. The Wisr App helps Australians pay down debt, multiple credit score comparison services and Australia’s first money-coaching app Wisr Today. Combined with content and other products that use technology to provide better outcomes for borrowers, investors, and everyday Australians. The Company’s products include loans, credit scores and round up. Its credit score is a summary of financial habits, and helps lenders get to know its customers. Its loan products include debt consolidation loans, car loans, medical loans and others.


OTCPK:WSRLF - Post by User

Post by farml1234on Jul 17, 2014 8:49am
379 Views
Post# 22754303

Kurds put KirKuk back on production the way it looks

Kurds put KirKuk back on production the way it looks
Thu Jul 17, 2014 1:01pm BST By Rania El Gamal (Reuters) - Iraq's autonomous Kurdish region has begun to pump oil from Kirkuk fields previously controlled by Iraq's central government into the pipeline system that runs in its own territory, a senior Iraqi oil official said on Thursday. Kirkuk lies on the disputed boundary between the northern Kurdish region and the rest of Iraq and is at the heart of a long-running dispute between Baghdad and Arbil, the Kurdish regional capital, over territory and natural resources. Kurdish forces took control of production facilities at the Kirkuk and Bai Hassan northern fields on July 11, exploiting a power vacuum created by an Iraqi military withdrawal in the face of an Islamist insurgent offensive. The Iraqi official told Reuters by telephone from Baghdad the Kurdish region had started to pump crude from one of the Kirkuk domes to the Khurmala dome, out of which the Kurdish pipeline runs, using an existing connection. "They are using a pipeline which was originally used to send crude from (Kurdistan), but they have now reversed it (to use it by the Kurdish region)," the official said, estimating the quantity at around 20,000-25,000 barrels of oil per day. The Kurdish Ministry of Natural Resources could not immediately be reached for comment. Kirkuk's Baba and Avana geological formations were previously administered by Baghdad before the July 11 takeover. The Kirkuk region's third formation, Khurmala, has long been under the control of the Kurdistan Regional Government (KRG). Kurdish forces took control of Kirkuk a month ago, making good on a longtime territorial claim to the city, after Iraqi troops left in the face of a lightning assault by Islamic State insurgents, who have seized large parts of northern and western Iraq, but not threatened well-defended Iraqi Kurdistan. The Kirkuk and Bai Hassan oilfields have a combined production capacity of 450,000 bpd but have not been producing significant volumes since March, when Iraq's Kirkuk-Ceyhan export pipeline was sabotaged by Islamist militants. Last year, Baghdad signed a deal for BP BP.L to revive the Kirkuk oilfield, a plan that the KRG has rejected as illegal. (Additional reporting by Isabel Coles in Arbil; editing by Mark Heinrich Read more: https://gkpinvestor.proboards.com/thread/7386/reuters-update-kurdistan-starts-pumping?page=1&scrollTo=24376#ixzz37jI1WA1K
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