Article in FT
PCI CEO Brian O’Cathain quoted as saying “Its one of the few places left where you can see undrilled [prospects] using Google Earth which are full of oil. They’re the type of targets people were drilling in 1910...We didn’t want to miss the opportunity...”
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Been on holiday over the past month and missed this upbeat CEO assessment of Kurdistan .
http://www.proactiveinvestors.co.uk/companies/news/34913/Petroceltic%20chasing%20%22Shaikan-type%22%20play%20in%20Kurdistan,%20says%20chief%20executive
Presented at oilbarrel today.
http://petroceltic.production.investis.com/~/media/Files/P/Petroceltic/presentation/2011/oil-barrel-conference.pdf
And coincidentally a bit of an indirect fillip from the Algerian Energy minister today .
http://www.bloomberg.com/news/2011-12-06/algeria-to-amend-energy-law-to-boost-foreign-investments-1-.html
Algeria to Amend Energy Law to Boost Foreign Investments
The amendment is aimed at boosting foreign investments, particularly in exploration, to increase the North African country’s oil and gas reserves, the Algiers-based news agency cited Energy Minister Youcef Yousfi as saying.
“We have to adapt to the international situation,” he said in Doha, Qatar, according to APS. “We have oil reserves that are largely comfortable, but you must provide local security of supply in the very long term and strengthen the role of Algeria as a key player in international trade energy,”
