View Full Version : TAQA Takes Profit on WesternZagros

Investors Iraq News
12-03-2012, 01:33 PM
The Abu Dhabi National Energy Company, TAQA, today disposed of its entire holding in WesternZagros Resources, which holds two oil and gas production sharing contracts in the Kurdistan Region of Iraq.
TAQA purchased 74 million common shares in WesternZagros at CDN$0.63 per share for a total amount of CDN$46.6 million in October 2011.
TAQA completed the disposal in a single block trade prior to the opening of the TSX Venture Exchange on 30 November for a total consideration of CDN$85.1 million.
Prior to the disposal, TAQA held 17.98% of WesternZagros’ issued and outstanding common shares.

Source: Iraq-BusinessNews.com. (http://www.iraq-businessnews.com/2012/11/30/taqa-takes-profit-on-westernzagros/)

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