Atrush Block (Nov. 21, 2012 - SNM News)

The Contractor is currently in the process of preparing a Field Development Plan which will be submitted to the Atrush Block Management Committee within 180 days following the Declaration of Commercial Discovery which was submitted on November 7, 2012.

KRG has the right to back-in of up to 25% and no less than 5% of the Atrush block following 180 days from declaration of commercial discovery on Nov. 7, 2012. If they so choose, KRG will be responsible to pay the pro-rata drilling costs.

Technically speaking, the 20-day SMA average is on the verge of crossing over the 50-day average; both well above the 200-day average. Stock chart looks super strong.


Happy holidays to all. Special thanks to Kinematik for all his inputs.