Kurdistan Oils Heat Up - Vast, Westernzagros

http://www.iraq-businessnews.com/tag/genel-energy/

Rumours of Genel Energy Purchase in Chia Surkh

Posted on 08 January 2012. Tags: Chia Surkh, Genel Energy, Kurdistan, Longford Energy

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The Sunday Times reports that Genel Energy Plc will announce a deal this week to buy a 40 percent share inLongford Energy‘s Chia Surkh oil field in northern Iraq.

According to the report, the deal would be worth $70 million, and Genel, run by the former CEO of BP, Tony Hayward, declined to comment.

Kurdistan-focused Genel, already has a 20% working interest in the Chia Surkh oil field. The prospect is believed to contain some 305.7 million barrels of oil equivalent.

(Sources: Bloomberg, Wall Street Journal)

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Longford is next door to Westernzagros' block. 

 

Longford is sister company to Vast Explorations.

 

The Goombarh holds both Westernzagros and Vast.

 

Looking for some good news..........sigh....

 

Jan 9, 2012