The shareholders gave their views and Simon Murray and/or his puppeteer found a way around the shareholders' wishes. There are often questions raised over who owns all those 'missing' shares which are never voted on and if the KRG owned them and felt that TK was important then they surely would have voted to keep him. As they were not used (just like last time) I can only conclude that the shareholders's wishes are irrelevant to the KRG/Murray/puppeteers which leaves us all floating around on the currents. It also means that just like TK, the wealthy members of the KRG are not invested in a high SP for GKP.
My view therefore is that no one, not even SM has any say in the running of GKP or the endgame and for that reason, no II's will invest as it is too risky so where is the cash going to come from to support the SP?
Actually the democratic process was fully adhered to. It is the management's choice to hire whomever it sees fit. You run a company so you know what I mean. I stated before the vote that that was a likely possibility and it turned out that way so I wasn't surprised and I am glad it happened that way. TK is no longer a director and is no longer on the board.
Shareholders can remove Murray if we think he is no good and his actions are bad for GKP. I don't see anything wrong in his actions so far. What's your view?
No probs mate. And people on here listen to me? Jesus. Bloody muppets they must be :)
Let's hope this latest board shuffle rids us of the kerfuffle. All eyes on 40k production for xmas now. Everything else is just noise in the meantime. The markets can't keep this valuation if we keep selling our oil. Its just not possible. I wish that ISIS would hurry up and plant a mortar on Malikis gaff
A good possible scenario ; http://dalesmann.com/dalesmann-stepping-forwards/ (i) $2.092 billion can be added to the cash position of the company taking GKP up to around $2.1 billion ($2.33 / share) (ii) We still retain 50% of our original assets at Shaikan (now diluted to 27%) which due to pending change in classification (by a new cash rich Operator) from 2C —–2P results in a $2 billion valuation of the remaining asset. Using 900m shares in issue this equates to £2.66 as a valuation of the Shaikan asset alone based on the figures contained in the CPR. (iii) We now have 27% of Shaikan (iv) We still retain 80% of Sheik Adi (v) We still retain 40% of Ber Bahr (vi) We still retain 12.5% of Akri Bijeel. All of which when looked at through the lens of the CPR have huge upside. Cuba
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