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Looks like a friendly takeover of WTN announced by RNS this morning, dependent on conclusion of agreement by December 1st. WTN opened at £4.56 and seems to have settled at £6.15. At an offer price of CAD$11.50 it has a little more to run. I would be very surprised if this one does not go through. The offer price looks good from both points of…
I'm encouraged by this reiteration of the Directors views on TGT recovery. We believe we can achieve recovery factors of 45-50%, as has already been demonstrated in several producing intervals and in line with similar producing horizons in other producing fields within the same basin.
I am dissappointed by this release. Clearly progress has been painfully slow by comparison with the impression given at the AGM. I'll be waiting to see if this drop in SP trigger buy-backs.
Is it not just a volume response with almost 700k traded on the day? Apart from 1m+ on 10th that's well above daily averages over the past couple of months?
Isn't it lovely to see all those ducks being lined up -:)
WZR.TSX got encouraging results from the first test of 3 in the Kurdamir-2 well in the oligocene. Hopefully the outcome of the final 2 tests will be announced in December. WZR and operator Talisman each have have a 40% working interest, with 20% with the Kurdistan Regional Government. "The operator, Talisman (Block K44) B.V. ("Talisman") will continue the testing program of two additional Oligocene intervals…
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