Zorp, I get all that but, can you categorically say there isn't any accounts in existence that give a figure for the arrears agreed upon? I think there is but, whether it is what we assume it is and what it actually is, could be different, and I don't believe the difference is huge, before you suggest it may be. You said earlier in the month that you were waiting to get in when the price was right (or words to that effect), I've asked you before but, why do you have a strong sell recommendation if you're looking to invest?
Swell, I'm saying that since nobody outside of the KDP (sic) knows what the proceeds amounted to, nobody can say what is owed... and that goes for ALL the IOCs. The KRG can claim they got $1 a barrel. Who can dispute it, given that the oil was sold, in the full knowledge of the IOCs, by an illegal, murky route.
That quote is pure speculation; repeated gossip. It involves companies' estimates of what they're owed. Two things are important: Can they prove it, and can they convince a court. Oh, and can they survive while it drags through years of litigation?
Have you ever seen a statement by anyone in the KRG saying "We owe this much"?
Why aren't there any accounts receivable entries for this supposed debt?
Where is the legal paperwork authorising the KRG to borrow the oil?
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