OTCPK:WSRLF - Post by User
Comment by
FreddWon Jul 01, 2017 7:30am
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Post# 26426850
RE:RE:Coachbob - May I ask how you voted?
RE:RE:Coachbob - May I ask how you voted?"Another remote fear with Independence is the nationalization of companies"
There are certainly political risks in Kurdistan, but I think that is highly unlikely. The government now get around 80-90% of profit oil. So they would gain very little in nationalizing the oil fields. They are very happy with letting the oil companies take the risks and make the investment while they get most of the profit. And more importantly they want the expertise the private oil companies have in developing the oil fields. But of course, anything is possible.
"That may bring some political strife to the area with the Iraq's"
I agree with you that independence is more a risk than a possibility for the oil companies. I think most, if not all, areas will vote in favour for independence. But it does not mean that they will create a new country the day after. I think its more something the Kurdistan government can use in the negotiating table rather than it is an actual referendum for independece.
But we don´t need anything to change. The oil companies get to sell their oil and they get paid for it and 50 dollars per barrel is very profitable for onshore conventional oil fields.