Mick..Worth a read, as where some MP's go, former BP and UK Gov officals have a long history. Last link is one that should open eyes to the inner workings of the UK Elite in the place Guy Fawkes nearly did away with:)
Agreed mate! We definitely should be approaching courts somewhere....I keep saying I'm happy to contribute to the costs. It's the only way to get a reality check for equity investors.....Still happy to chip in if anyone wants to get a letter of intent sent to GKP. It's a statment that will get attention...more than a big number voting. As so many politicians are saying these days..the system is rigged :-)
I Would never accept a company employing from its auditors, from another maybe, but then my position as never changed on this issue. I made a point on Deloitt for a reason, far fetched, i made a observation, a company with no income, no record of what oil its produced, that needed 6 ex deloitt people and one senoir one who left in January, maybe for a good reason .
How can you change the font on a legal document signed and dated, that would have meant re typing it in a different font.Formatting def NO.
YOU WONT GET A LINK UNLESS YOU CAN ACCESS THE MNR ON LETTERS, but copies were downloaded when the PSC went up.
Lets see about another, can you get a link to the PSC on Al Qosh or the area below takwe that was down under Ascom group.
NZ, there as always been reason to remove him, you don't get saddled with such for no reason, out of Afren into GKP no declaration made at the time, previous Talisman, co incidences that 2 have gone the 3rd is being diluted to death of Pi's. �50 k of bonuses this year, plus salary, and this is a company with no money, and still may oil invoice not paid in full.
Company breaker was handing back SA and BB, all the issues gone before pail into insignificance compared to this, arbitration, easy to do, no risks at all, and the company is where it is because of a series of events unfolding..Why give GKP an extra share of Sahikan as a write down against debt owed, 5% equals $100 million, just pay it into GKP's bank.... What would the balance sheet have looked like.
Did wiki leak Erdogan payment to Bazarni of $200 million, but the KRG knew nothing about it and it co incided with another event.
EGM have always been realistic, you just gather the shares needed to force one, but if you get deflected on Mrs K divorce, your eyes are off the ball....GKP should have instigated action against TK, read bermudan ;aw on companys and there responsibilities.
"There were letters from Dr Who to MOL/Kalgeran asking for permission for GKP to be entered on Akri Beeji, in exchange MOL would get a share % of Shaikan, but MOL had stipulated no TKI on AB.."
Where are they? There's no point in them being closeted away somewhere if they are relevant to the current situation the company finds itself in. Link/ source please?
"Shiakan PSC was changed as the font on the original PSC differed from the replacements."
Font change may simply be re-formatting. Has anyone compared for the actual wording changes? If you can supply the before and afters, I'm happy to do a proper comparison.
"Its like Deloitte, how did GKP finish up with 6 ex Deloitte people"
I think we've had this discussion before. If you can name the people, I'll bet you'll find they're not very senior and, in my experience, people in many professions will often hire people who are similarly trained and are therefore easier to assimilate/work with. I'd be surprised if there's any Deloitte conspiracy to conspire in something underhand. Sound a little far-fetched? Just my opinion.
As for the NZ appointment, I was against it from the beginning and told the company what I thought. Oilman repeatedly bounced back with a big defence of him, but I have been consistent in my view that he was a poor recruitment decision and remain to be convinced my judgement was wrong.
Having said that, at what point do you think an EGM was ever a realistic option re his role, since it was never quite clear at any point exactly what his contribution was meant to be and in the grand scheme of things his remuneration hasn't been a company breaker, even if his advice is up for debate and his value for money is hard to defend. An EGM about TP and NZ? Very unlikely. Just trying to keep it realistic.
It might but ordinary shareholders own 100% of the company now. Even if all the rights are taken up ordinary shareholders will own less than 15%. And those 3 shares will only be worth 2.2p each at current values.
By my maths at current prices it would cost 6.5p to buy one Gkp share and then take up the rights. Looking at the all time high of the share price (411p) that would need dividing by 7 as that is the proportion of the company shareholders who take up their rights will be left with. So is it worth buying into a company at 6.5p who's all time high is the equivalent of 56p but now with modest debt and the ability to produce oil at rock bottom prices? But then they have struggled for years, even when oil was much more expensive and operate in a very uncertain part of the world. Can the company now be trusted? Can the regional government (such as it is) be trusted? My opinion is that this could be a good investment but I think it would be stupid to go all in here. I'm going to watch and wait and only put in a modest amount if the price drops again.
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