Still no payment how much longer can we carry on with out getting payment ?, Only thing that keeps this share going is all of post on here with if and but's . Lets soon get a RNS to tell us were this is going .But I don't hold much hope out for that .
IOC's produce oil, Krg sell it, Krg then keep most of it for themselves (the elite few), the remainder (if price is high enough) then gets divided between people and IOC's. Obviously there isnt a lot left to go around at the moment!
Mnr rules with his bank balance in mind me me me and basically, if IOC's dont play ball, he makes life very awkward.
So, the elite keep taking and then when not enough to fund rest of country/region/IOC's AGAIN they go cap in hand begging for more loans (even though loads stashed) to UK USA SA etc etc. With yet more false promises and statements, basically anything to acquire money to appease their ever growing greed!
Note to Krg elite... you cant keep crying wolf! Sooner or later, you need to put some SERIOUS cash back into the economy (dont worry we all know you will still be very rich even if you do).
Otherwise, consider the following points.....
1: No one will trust or deal with you for decades to come... (yes a few of you may get to keep some the syphoned funds) but the country will stay in the dim dark ages for an eternity - Pointer imagine how much MORE you could accumulate by actually assisting the IOC's rather than milking them dry?
2: Those Countries that know you have syphoned so much, may well freeze your global assets and return it to the rightful place (the people) and not allow you the sanctuary you seek in the western world, you never know???
3: If you showed decorum and started to use funds (we all know you have) you could compete against SA etc and then majors would be interested in supporting you... but whilst you are acting like this... NONE will...
All the spouting of promises in the world mean diddly squat! Actions (or in this case sizeable PAYMENTS) speak louder than words.... PS: Im betting your next move will to borrow (as much as poss) for the GAS development, but again, how much will actually come back to the people and the producers...
NB: So much for employing a chief strategist... still waiting to hear the strategy that is going help gkp... get paid, survive etc...
"anyone any thoughts on this,,, all the brokers are now saying genel is a buy and its dropping like a stone,,, we are holding water,, with no news,,, and doing a financial balancing act! is something going on in the background?"
"I would personally want the BoD fired for idiotic behaviour like that."
....just another company working in the KRI, difference is they have placed one of their 'alleged?' 'insider traders' as the C.E.O - A master stroke getting Ozgul -back! - FCA - HOW is this permitted????? Oh 'cos he co-operated when he got rumbled - Fair play then.
Genel shareholders are obviously unhappy with the news/rumour that more capex is to be wasted in Kurdistan.
Look at every other oil company worldwide - they are cutting costs and shelving projects until the worst is over. The daft BoD at Genel are doing the opposite just because the KRG have coughed up a derisory amount of owed money!
I would personally want the BoD fired for idiotic behaviour like that.
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