Continuing south Ophir was clobbered again yesterday as Poland's richest man dumps his entire stake (8%) worth £79m. Shares sold @140p. He was Ophirs second largest investor and a founding one. Big blow!!
Iran in Iraq
You may be sure that Iran's meddling in Iraq will cease as part of the US/Iranian nuclear agreement that will see all UN sanctions completely lifted. This could happen as early as June. With Iran out of the picture. "reconciliation" (read: reBa'athification) will begin in earnest. "ISIS" will fade to grey. Oil will begin to properly flow. Payments will be made. As always, however, the market will be ahead of all this. Expect 760 very soon. Later, talks will begin on forming three, possibly federated, regions: Kurd, Sunni, Shia. US base and embassy in Kurdistan (to include Kirkuk fields). Boomtown. Ride this until Nathaniel Rothschild announces plans for a Kurdish Central Bank, or until Exxon takes over Genel, whichever comes first.
RE: Taking a ba'ath
Allawi, who served as Prime Minister ten years ago explained that the exclusionary policy pursued by Abadi toward the Sunnis in Iraq will not give any results and will not be able to defeat ISIS only after re-arming Sunnis , financing and involving them in decision-making......Allawi believed that the reason for al-Abadi’s failure to complete the reconciliation between “Sunnis" and "Shiites" is due to his inability to get out of the Iranian command that rules the Iraqi regime almost directly, and impose its policies on the Iraqi government....... Iyad Allawi stressed that any step toward reform and unite between “Sunnis" and "Shiites" must be accompanied by releasing of all detainees in addition to reconsider the old Baathists file, pointing out that a large part of them are trying to fight ISIS and should take advantage of them........ Allawi concluded his speech by saying " reconciliation should be the primary key so that Iraq would remain and without genuine reconciliation, Iraq will not rise."......... http://www.english.shafaaq.com/politics/14173-allawi-criticizes-abadi-isis-will-not-be-defeated-without-the-sunnis.html
Quite a bot of chatter about some kind of payment... The ICG have paid over the full 17% of the central budget to the KRG for the month of April... Thats the full amount!!! With the Kurds pumping out near 650,000 bpd, that is 100,000 over and above the agreement so there could be surplus monies coming towards the oilers...:-)
Since Easter we have added 146p (32%) to the sp and £364m to the mrk cap.At £1.564bn we are firmly in the top 200 companies. Amazing to think we were at £10+ back in 2014 ....That was some fall. Must be some good news around the corner?
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