Super majors might well be able to function... But they wont want to!!! Otherwise data room perusers would have made offer! Which krg would refuse, because why have only 50% of revenue, when you can take 99% Drip fed for a reason, so no money to make a stand! Kozel didnt care n now Ferrier is fubar'd because of it! Nadhim needs to make this point n earn his money (which at present gkp can ill afford) or naff off before many electorate start pointing fingers at another possible gravy train grabber... ?
So it is okay to take take take and not pay? Over many years! My that is a great presedent for creating more business! No wonder krg never wanted to remove tk - Now honest Jon comes along wanting to make it work as a business not a free money company and mnr doesnt like it! Mmm sure Exxon n co will love to trade with a NON payer! I say turn ALL taps off ! 830 mil a month disappears and should onky re-appear once payments come & im not talking 12 mil Im thinking lots more... Raid those swiss coffers! Sack the fake army! Stick to their side of the contract/agreement!
despite losses of Majors, Exxon, Total, BP, they would be able to function in the position of GKP GKP that unfortunately does not have the luxury of having money .. Opportunities.. It seems one brand's pain is another's gain.
No you're right how foolish of me. Oil companies going under because they haven't been paid is likely be a CATALYST for other firms to think **** we really need to be in Kurdistan in fact we could be looking at the advent of the next gold rush.
I'm not sure I am missing the point, YC. If small companies fall by the wayside piecemeal, it wouldn't necessarily be a catalyst to wholesale revolt. Some might see the disappearance of a rival as an opportunity.
You're missing the point. Their trying to develop an oil and gas industry and if it gets to the stage where every oil firm is threatening legal action, stopping production and exiting the region it unravels.
"sets a shocking precedent not to mention the law suit that will follow."
Shocking obviously to long term investors, but realistically are there many other jaws that would drop? You'll have someone salivating at the mention of lawsuit, but who would bring it, on what grounds, with what resources and against whom? The PSC says it goes to arbitration if it's a company/KRG dispute. We know how long Dana's arb has been running. Individual PIs? IIs? All sorts of issues arise.
Agree they may have got this wrong and need to pull a Kozel-sized rabbit out of the hat next week to turn the sentiment around but ultimately they need foreign investment to grow their nascent oil and gas industry and letting one of the pioneers go under sets a shocking precedent not to mention the law suit that will follow.
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