So, the bond holders are getting a massive field and also the interest of DNO, magically all at the same time?! So much for the take over talk starting soon after restructure. It's already lined up. And I bet the KRG start paying faster once the deal is done too. So the KRG get one of their preferred operators, who are well funded to run Shaikan, then the bond holders get to cream tons off, no doubt whilst the BoD all stay in jobs as GKP will still exist albeit being partnered by DNO who will no doubt get a slice of Shaikan. You couldnt make it up. Everybody wins apart from the PIs!
The clowns who wrote that response are the same clowns who have stuffed investors , that should be remembered , but then every part of the current GKP board its CSA , still operate in a manner that would have them locked up in any other western Country.
Waiting for Ferrier to walk , as he aint upto anything other than no good
doesn't look like anyone would wanna venture in Kurdistan after what happened with GKP ... at least not before payments improve and oil prices recover giving the KRG more room to breath... Only potential bidders would be DNO or Genel... Genel's cash balance is good but limited, not enough to go for such big acquisitions... So yea DNO is pretty much the only option...
This offer is in the interest of BHs and the Board as a quick way out and no more drama... i'd be surprised if they reject it!! Unfortunately PIs would take a hit...
This as a rejection at all - just clarification from GKP The they had already commenced their restructuring process, and would consider the DNO bid in due course. As the timing and wording of this pre-emted snatch testifies - B M-R is a wiley old fox, and his team are technically and commercialy sharp - I have bounced off a few of them previously, so we're not dealing with amateurs. Our fledgling outfit will learn a lot from exposure to them - however things pan out......
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