http://www.iraq-businessnews.com/tag/genel-energy/
Rumours of Genel Energy Purchase in Chia Surkh
Posted on 08 January 2012.
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)
===============================================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
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