DUBAI—Britain’s seizure of an Iranian oil tanker off Gibraltar last week will not be “unanswered,” Iran’s armed forces chief of staff, Maj. Gen. Mohammad Bagheri, said on July 9, according to the semi-official Tasnim news agency.
“Capture of the Iranian oil tanker based on fabricated excuses ... will not be unanswered and when necessary Tehran will give appropriate answer,” Bagheri said.
British Royal Marines boarded the ship, Grace 1, off the coast of Gibraltar on July 4 and seized it over accusations it was breaking sanctions by taking oil to Syria.
Iran has demanded the immediate release of the oil tanker, while an Iranian Revolutionary Guards commander threatened on July 5 to seize a British ship in retaliation.
The Denver-based independent Sundance typifies the new Eagle Ford narrative where technically astute private equity-backed younger management teams are revitalizing the play.
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The company also said it expects to generate substantial free cash flow in 2018, allowing it to initiate a dividend in the first-quarter of 2019.