Inside story is that have refused to spend spare capital on extending production till arrears is paid. Bondholders are demanding KRG action and less bullshit words. Stock will hit 300 once arrears paid.
I cannot see any INOC's seriously committing to Kurdistan for as long as the KRG allow companies to go bust because they don't honour agreements or contracts. Most INOC's are extremely risk averse , particularly with investors capital.
Things need to change.
OK they can use ISIS/Iraq as an excuse and MAYBE get away with it . But not any longer with Mosul almost back and Trump considering putting Marines on the ground.
so as arrears of around 100m on their way and fwd revenues secured will the second amendment get sealed pre a sale post sale or actually be integral too the negotiations of the sale??? Ponders As Ashti hopes this ground breaking deal becomes a template for other majors...... Ponders Well majors will take all production naturally Ponders If the MNR want to get capital first get infrastructure works in parallel then follow the Asian IOC blueprint in African government deals
You have to read it, Hawrmis BullShot. Kurdistan as no refugees, its only has Displaced people.Big difference and 300,000 fled due to the KRG Pesh. hawrmi and Bazarni are trying to coherse syrian and Turk Kurds into position for Erdogan. Glencore buying oil liKe others, must be some scheme, after all they have had oil for 70% of its true cost for 2 years. Just look at the players all rooks and Rosneft . Hawrmi hedging oil prices, what a dockhead , he wa so smart he did not hedge oil in 2012, 2013 when he sold oil indy and Iraq still as court cases pending.
Worse thing is Hawrmi gives an interview from the UK, when he should be inside for corruption and he is the same as most KURDS fake kurds living in the UK US robbing Iraq and Kurds of money. IOC have always had the right to sell oil, billybighollocks Jon Ferrier could not sell hot dogs , but sure as given everything away, 3 PSC and 90% of Shiakan..Even Todd Kozel could not have done that
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