Kurdish flag was raised in Kirkuk . Response from Baghdad was quiet. Reaction from TURKEY REMOVE IT OR THE PIPELINE IS CLOSED.
Turkmen then raised there flag, Baghdad stated the only flag to be raised in Kirkuk was the Iraq flag.
You now have Turkey telling the Kurd thieves who they are accomplices with, get back in line.
The Ninewa protection force that covers Sinjar area as been built up and will possibly kick every KDP out of the area, despite Hawrami trying to sell Tel-Afar and Sinjar to Rosneft.
The PUK claim Kirkuk oil is there's and KDP claim it as well.
Then you have Taq Taq and the BS report from Genel and Hawrmi, it somehow went from 687 Million proven prob reserves in November 2013 to 60 million, which is odd, as when Heritage Oil Middle east drilled Kewa Chirmila Block in 2006 and 2007, it was then moved into Taq Taq with 300 million OIP after 2 wells. Funny how that issue was swept away.
Yup 777, despite our vast reservoir (which has been played down since JF took over), Our impotent BoD (too busy setting themselves up to win either way), the "Dance" with the MNR which JF refers to (and its usual billionaire benefactors we have underwritten), recent mega-gains against IS, the USA coming round to the conclusion that the creation of a Kurdish state (NE Syria + Iraqi Kurds + S Turkish bretheren also) to promote stability and a buffer state in the area with the main economic driver being the oil we OICs are sitting on, and we are in the doldrums (temporarilly). This will pan-out favourably I believe, and those of us left will finish this side-show in style.
either you have short memories or a very forgiving nature. GKP shareholders were screwed by Kozel and then Ferrier, lie after lie, deceit followed by more lies....eventually backing the company into a corner that led to the bondholders taking control....yet the same people head the company despite their failure to ensure payment for oil production....jobs for the corrupt barstewards that failed in their duty to shareholders....
Sorry, was a bit tied up with fiscal year end stuff.
I will still wait and see before I dive in! The main problem I have here is that the company's strategy to return to profitability and the investment that will be needed to reach there is unknown (not disclosed by the company). Add to that the other risks associated with the region where the company is operating.
Its not rocket science. Before the financial restructuring it was over geared. QED the bond holders had them by the short and curleys. Now the gearing is realistic the shareholders are in control. Investing in an overheated company is always risky. Those who lost money did so because lady luck didn't deliver on their high risk bet. With the gearing now manageable the risk is much less. Sure this also means the potential gain is less, but for those with realist expectations this is now a sensible play.
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