I agree with most of what you say, it does all boil down to cash and O&G agreement and yes the region is in more turmoil than usual... but, other than IS, which appears, never would reach krg, due to usa etc intervention. The not getting paid has always been there ? Which is in addition, to having to win the court case. Then TK taking over generous payments/expenses, for his (IMPO) not so good management. Thus leaving us more cash starved than perhaps necessary... those 10 of extra millions would have come in handy about now? However.... the point I am really making, is that the sp has been much higher with the same complications... other than IS and again IMHO most who look at GKP, cannot see the krg agreeing to anything soon? They can tick along on domestic sales as stated the other day... but until, they agree with Baghdad or Usa dump Baghdad, then nothing serious will change and we continue to bottom out... thats if 50p is the bottom... If KRG AGREED a deal, this would start rising almost immediately, so maybe there is a reason ? why they do not ? 17% of national budget, plus domestic sales, is a fair old chunk when you dont have anything? Which brings me on to, but they do have some money from illegal sales... GKP just dont see any of it. I honestly wish, I hadnt bothered at this point, but, like so many, have no choice, but, to loose loads or see it out and hope to reach a recovery point. What a long drawn out way to try (because we havent as yet) and make a few quid! Sadly I am fed up with the whole situation... glad my main business aint oil shares... may even punch the bugger who suggested it to me lol. Finally it feels like buying a 100k car and then seeing it devalue over 18 months or so to 15k, oh yes Bentleys do lol :) Stil as I always say patience is a virtue... just wish my resolve was as strong as inscrutables... :) nerves (& balls) of steel !
It all boil's down to Cash , when we get paid all what is owed to GKP, the price will recover . No business can work if you're not paid for that work , but Kurdistan is going through a War and the with holding of there entire budget from Bagdad , they do have a good excuse . It will happen and 40,000 barrels per day will happen and our share price will recover and we will be taken over at profitable price for all share holder's , that's just my opinion . Cuba
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