Posted AT 4:40 PM EDT on 17/10/07
Heritage Oil caught in Turkey-Kurd dispute
Calgary-based Heritage Oil Corp. is being caught in the crossfire in the escalating tensions between Turkey and Kurdistan after recently announcing that it had signed a production sharing agreement with the regional Kurdish government.
While oil prices spiked to a record $89 (U.S.) a barrel Wednesday, Heritage shares fell $1.14 (Canadian) – or 1.9 per cent – to $58.
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