It all happened pretty quickly - JF saying that Gulf had not spoken to any BH's to the position Gulf are in, leads me to think he was telling fibs.
Gulf had plenty of time to work at this over the last couple of years, and just were not experienced enough at running a small company as they needed to be. It's a shame that the BoD were so inept. I would be totally embarrassed if I was a member of the board, and that bird on IR should really be given a job at her level of expertise, which is someway lower than what her current job is
Anyway, we now have another leach to add to the pile - Keith Lough
I totally support the view that the Kurds are now at the receiving of their own decisions. They ( and no one else ) destroyed investor confidence /sentiment in Kurdistan and are now reaping the whirlwind ( as are we) .
The big question now is will the IMF bring some of this back with the new deal ? All expenditure/income will be managed /supervised by IMF personnel. There will be an end to dodgy oil deals ( eventually) and the KRG/ICG will be forced to work together or at least co -operate.
What has the city or the BH have got anything to do with GKP's current state? Someone lends you money - but when it comes to paying them back you blame them if they are unwilling to give you an extension? Blame KRG / MNR / BoD - but the City and Bondholders? Little David is throwing the pebbles in the wrong direction IMO!
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