Iraqioil minister @AdilAbdAlMahdi say there is increase in #KRG export and Baghdad will pay KRGs full share for May and compensate fo April.can the krg expect a payment of $1.5 billion for april & may budget,well lets see what the next excuse will be for the IOC and how long it takes for the payments to be made
Gulf's c. 40,000 bopd from Shaikan is crucial to the KRG achieving their target, as I have pointed out on here many times.
John Gerstenlauer has now confirmed that Gulf is currently owed THREE HUNDRED AND THIRTY MILLION DOLLARS. That issue has to be addressed. In the meantime, he has also repeatedly advised that further payments to Gulf for exported oil are close.
We are badly affected by "Schrodinger's CPR": it's both correct and incorrect at the same time. Gulf have got to deal with that issue.
Thanks Craig, This is news many have waited for, but i think some can not see the wood for the trees. sometime this next week of trading the market will react to this, possibly as early as tomorrow. What we need is a reuters report stating full payment will be made and the back payment and market will move.
Some positive news on IS during june will be icing on the cake. I suggest that a take over is becoming more likely as the ducks are being lined up nicely. I thought until tonight that payments were possibly two months away, now they are imminent as will payments to producers. Wish i had the money to invest more tomorrow. Its been a long time and missed opportunities to trade ( sell and buy back now) but i think somewhere north of £2 is likely now and maybe even figures quoted previously. I won't go into the higher figures as its too unknown and usual suspects will accuse me of ramping Good luck to all long term holders and new investors
I have never felt as positive about this since prior to CPR. We have central government now saying full budget should have been paid for April, that is was due to exports being counted after budget amount sorted, they now confirm KRG exported correct amount. they also confirm they will make up the difference. Then may has also done quota. So very difficult for central govt to go back on that as it removes the doubt that KRG have played ball, i would suspect huge condemnation if they did and would probably make them look more corrupt than ever, feeding alliances for KRG to get independent oil sales through sympathy and fairness. so the budget this month will not just be the full amount, but also a large back payment.
remember the oil companies hold the cards here, if KRG did not play ball i would seriously doubt they would get full exports next month, which they need maintained. I suspect GKP et al were informed of the KRG needing production to this amount to get payments, which is why all went from lowering production to save money, to increasing production. This is the turning point, its also the point where those looking to consolidate in the area will have to increase their due diligence and make their move. I see 60p in weeks and a good recovery building from there. This is amazing news and its been a long time coming. Don't let dreamers cloud your research. Please as always do your own research as this is just my humble opinion, but hell i am getting excited again after quite a long period of intrepidation
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