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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: CommanderCricket who wrote (157529)	11/9/2011 8:23:39 AM
From: Dennis Roth	4 Recommendations Read Replies (2) of 206182

Exploration & Production Iraqi Kurdistan: Land Of Opportunity? 4 November 2011 ¦ 48 pages ir.citi.com Underexplored province with multi-billion barrel potential — According to the US Geological Society, Kurdistan could hold over 50 billion bbls of oil and gas, which is comparable to the current reserves of Libya. Largely unexplored prior to 2004, recent drilling has resulted in the discovery of c.5bn bbls of oil. Despite significant political uncertainties, we expect exploration and appraisal drilling to accelerate into 2012. We estimate that 25+ E&A wells will be drilled over the next 15 months. Afren, DNO and Heritage offer exposure to Kurdistan from our E&P coverage list.

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