midmar's take on the...

midmar's take on the sale:

http://www.oilvoice.com/n/Midmar_Energy_Announces_Sale_of_UK_Onshore_Producing_Assets/8804a610.aspx


"Commenting on the sale of MEOL, Dr Thomas Redman, Managing Director of Midmar stated:
“While Brockham and Lidsey have been profitable for the company, we now feels that it is the right time for us to deliver upon our stated objective of replicating our success in developing UK onshore fields, but on a larger, and international, scale. The sale of MEOL demonstrates our ability to develop valuable UK onshore reserves. We have successfully concluded a joint venture agreement through our associate company, MPC in Southern Iraq, and are looking at other international projects to further grow our business. This sale assists us in furthering our objectives.”