NM..You are so far off kilter its unreal..You dont even know if they use psedonym to write..As for accssuing Kurdish ruling family owned press media of Bazareni, journalists who know kurdistan are 100% correct...Kurdistan as over 400 indie journalists spread around the world, they all represent kurds in various countries and Kurdistan...
You really need a lesson in History as you are so far behind the facts its unreal... The Kurds were gassed with the help of equipment the UK and USA had supplied, the number who were gassed was terrible, but it was far below the number of Shi-ets who were poisoned , gassed and killed...You do not see the Shia keep going about about it, and as terrible as these events are. It totally wrong to play the oppressed card when the ruling familys are the oppressor against their own people.
The LOan just made to Kurdistan from the ICG shows the ICG as borroweed money to help Kurdistan, even though it never hit its export targets and sold oil away from SOMO.. You really need to be balanced and look at everything,
Try looking at UK KRG based spivs who work for the KRG and undermine the Kurd people by cutting deals they should not..
I suggest you get your flack jacket on, and fly to Arbil, and talk to kurds , not the ruling familys spivs..Try reading the problems the Yizidi people have as their land is stolen, how the PKK rescued them when the Peshmerga ran away like the iraq army...Try looking at why Yizidi leaders have go into hiding in Baghdad as their lives were at risk of the ruling familys..The Yizidi people have more of an historic claim on land in Ninewha than Kurds Turkmen and others.
Why dont you start talking about the BOX, you are so fond of... If you want to enter into a debate about Kurd journalists, then I can assure you you have little idea or knowledge, no first hand experience working in Kurdistan and teaching in Kurdistan, while working for the UN US and French Governments , US Military ...Some of the most experienced journalists have served at high levels..
THe KRG can borrow from the ICG , if they borrow on their own, they will default, not pay and then say its the ICG problem..Kurds know this, and watch out for a few high profile articles in the press..Not Bazarni rudaw or Bas news, or its paid reuters journios
" with rebel investors M&G Investments and Capital Group winning a battle to put four new non-executives on the board in summer 2013"
the trouble with the press , they only tell you what they want you to hear about. No mention of the M&G +Capital 's Neds hitting the revolving door, nor any mention of the reason why they were asked to leave. This camp is the same that have been and still are using Sky as their mouth piece
Thats the question/concern over everything the KRG do. Apply for bonds, get loans, sell their oil. Blah blah blah.
The plain and simple fact is that nobody on God's green earth can make a decision as to whether any of this is legal or not, and not many people seem keen to take a punt on things just in case theres issues!!
Story of this investment really. As I said the other week, that bond isnt boxed off, it isnt nailed on, and if its not passed, that leaves the KRG needing to find buyers for their 400k a day and one day rising to 2 million barrels a day, they hope. 1/4 of that would come from Shaikan alone!
Skierpaul , sorry to hear about your loss. Can I ask what was the main driver in you breaking the golden rule of not invezting more than you can afford to lose. Were you influenced by the hype on bulletin boards ?
Indeed. The poor results by the E&Ps (not just AIM) were discussed at the Geological Society this time last year. I think it's now generally agreed that their acreage was not as good as they'd hoped, that unforeseen factors tend to have impacted them negatively, and that the oil sector as a whole (ignoring the current oil price dip) simply isn't in good shape.
I've personally met hundreds of the directors over the past 15 years; my personal opinion at the present time (opinions change and develop!) is that while there were perhaps a few rogues from the start, the bulk of them were genuine. They believed they would find oil and prosper. But in case after case, the acreage let them down.
Whatever one thinks of Todd Kozel and Rex Wempen, the plain fact of the matter is that the pair of them went to Kurdistan and obtained acreage the like of which NOBODY else anywhere in the world obtained. Todd never knew Shaikan was a Super-Giant! As for Rex...well, he couldn't even explain to Lord Clarke what "spudding a well" means. It doesn't matter though: Gulf (and Texas, plus MOL) did what so many others tried - and failed - to do.
I've said the following sort of thing before: if there are (say) 20 billion barrels in place in Shaikan, the Sheikh and Akri-Bijeel, then if you were to spread that across (say) 100 other London-listed E&Ps, that would be TWO HUNDRED MILLION BARRELS FOR EACH OF THEM.
That's a truly amazing statistic. But it's all concentrated in Gulf Keystone.
Gulf have had four payments in the past six or seven months, and now has a payment contract to the end of 2015. We're owed c. $350m by the KRG (which more than covers last year's Bonds) and Dr. Ashti has said we must be paid. We have to stick with it.
Distressed, thanks for your good wishes, although my average here was 183 p, I sold out at 83p losing 26k on the shares but I sleep much easier now, I dread to think of how I would feel now at 35 p! On yes, the big balled brigade will now say grow a pair, but the old adage " never invest more than you can afford to lose" is a rule I broke. Must admit when I first traded on aim I had two big successes and got lulled into this is easy mentality. I was a fool, I'll put my hands up to that! If you like which risk and bought in at 35 p I think you may do well here, eventually!
I agree with you on that post Paul good Job GKP is not AIM , as for GKP if they had got given all their cash from their sales of oil the SP would not be 35p a share at one point they got nothing but owed plenty , thats the problem `owed` , the IS is not helping either , if GKP does start getting a fair amount of cash in from it`s oil then the share price will rise , the IS will go on for years IMO and will help the Kurds break away from Baghdad a lot fast infact could happen anytime soon . also as for a buyer everything in the world has a price , if there is a risk then you don`t get as much as you want , GKP might only be worth £1 a share at the moment but £5 if GKP was getting a fair price and regular cash flow coming in , So if GKP can up the oil sales to private buyer the better and I would have thought that could grow at a fast rate which would help the Kurds and of course GKP .
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