With the declining oil resources around the world, Kurdistan is one of the final frontiers, where there are huge possibilities.
This is demonstrated by the recent moves of Exxon Mobil and Chevron as indicated in the reports below:
http://www.reuters.com/article/2011/11/13/exxon-kurdistan-idUSL5E7MD04G20111113
http://www.independent.co.uk/news/business/news/chevron-to-join-slick-of-oil-supermajors-in-kurdistan-6261405.html
The above news has added about 80% to the stock price of Vast Exploration (VST:TSX) and 10% to Westernzagros (WZR:TSX), the smaller explorers that the Goombarh owns.
Other larger companies such as Gulf Keystone have soared up to 25% on this news.
This is demonstrated by the recent moves of Exxon Mobil and Chevron as indicated in the reports below:
http://www.reuters.com/article/2011/11/13/exxon-kurdistan-idUSL5E7MD04G20111113
http://www.independent.co.uk/news/business/news/chevron-to-join-slick-of-oil-supermajors-in-kurdistan-6261405.html
The above news has added about 80% to the stock price of Vast Exploration (VST:TSX) and 10% to Westernzagros (WZR:TSX), the smaller explorers that the Goombarh owns.
Other larger companies such as Gulf Keystone have soared up to 25% on this news.
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