operating in Kurdistan, infrequent payments, stolen by bond holders to the detriment of shareholders...and you lot still discuss the situation....it is insane that people still follow a company that has a BoDs that shafted everyone except themselves, a ceo whom keeps letters from shareholders to remind him of what has happened to them financial and psychologically....You would all feel better if you sell up and move to a share that is worthwhile both financially and morally....
been shot yet, someone in Kurdistan must have lost out to the corruption that has been the downfall of GKP....At least when one goes the others can act as funeral directors, the need to dress and behave as they did in their presentation last year....
I haven't seen any post from you in the last many years here or on 3i where you did not consider a news as excellent news for the company. Yet the share price is at 1.25p in old money having collapsed from the sky!
Have you considered that maybe you are delusional?! ;)
been here quite a while... longer than most and not as long as some, but, lets agree to disagree - bb are for posting opinion and if Im honest I have been very pro gkp at times, but, having met JF and listened and believed...
Or worries on the pipe no more then,PHEW, stability. Output consistency
The company will make further investments to achieve plateau production at nameplate capacity of 40,000 bopd. Accordingly, gross production guidance for 2017 is being set at 32,000-38,000 bopd. Without further investment in the field, beyond maintenance capital, we would expect to achieve the lower-end of our guidance range.
do you invest in any other oil or mining stocks? Many of them are sitting around waiting for approvals. There's one company in supposedly business friendly Sweden waiting for 4 years for a decision . The problem is the number of agencies and each have their own agenda.
Don't like it - invest in tech, or banks
This decision about the crude pipeline is not corrupt - refineries are optimised for specific grades of crude, and blending it probably makes the process difficult to control. Some refineries are multi grade but that means batch refining not mixing. But its a blow to GKP no doubt
Excellent news that Shaikan crude is a 'standalone product'Heavy crude now a premium grade in demand. A source like Shaikan with such longevity and minimal production costs will be highly prized . Will bids be made before contractual matters settled or after? No idea. But bids inevitable.
a) Lower grade SH oil without blending with higher grade oil will attract lower price. Although $15m will continue to be paid, there will be further reconciliation - so lower price will be reflected at some point in the cash flow.
b) Although it says temporary, if it continues, trucking won't help to increase production volumes to 55k bopd. Will be interesting to see if trucking can keep up the export volume to daily production volume.
All in all, in my view, this will probably negatively impact the company's aggregate cash flow once the stated reconciliation is done.
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