Been in Turkey for a while, amazing the different view of a Barzani across there, all sorts of rumours about collaboration with ISIL hiding assets in Kurdistan and so forth. Not too surprising given past history, but the British press seem to have been playing it down. Anyway, what've you all done with my shares - they were starting to look more buoyant before I went away, all gone back to shiite now! Have I missed anything, or just the usual no-news dripping? thanks Happy
Back in rights. 20% interest in the field, carried (ie paid for) by GKP until bought by somebody else. At which point we would recoup that money, but lose 20% of the field. BIR's for shaikan should have been exercised a couple of years ago by the KRG according to the contract, but we mysteriously waived the clause seemingly. Otherwise we should have an increased interest in the field or a wad of cash.
Good question and hopefully there will be lots of other good questions this year. I would like to ask, has there been any interest in GKP from other companies or have we been approached AT ALL by anyone? perhaps even with a precondition that politics are sorted first. Even a slight sniff of admitted interest should help elevate the sp to healthier levels. We need sp lifting answers.
Arundallio, I am not going to the agm, but as it stands the BIR have not been awarded. Contractually that means that GKP and TKI have 80%. However I believe that there is a gentlemans agreement that will allow the KRG to award at a later date without penalty.
I also saw this as a potential problem with selling GKP at the wrong time I.e without Todd at the helm. Another reason why the KRG want Todd in place, IMO .
Could it be that Asher et al were trying to exploit this......... Just a thought ...
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